SunAsia, Macquarie unit tie up to build 1,250-MW solar projects in PH
Singapore-based Blue Leaf Energy Asia Pte Ltd has teamed up with local firm SunAsia Energy Inc. to jointly develop a 1,250-megawatt portfolio of solar projects in Luzon.
In a joint statement, Blueleaf interim chief executive Sol Proops said the partnership with SunAsia marked another milestone in their quest to team up with “reliable, strategic local developers to expand the solar industry across Asia.”
“We are pleased to partner with SunAsia to drive forward the Philippines’ green energy transition,” Proops said.
Part of Australia-based Macquarie group’s Green Investment Group, Blueleaf has headquarters in Singapore and secondary offices in the Philippines and Germany.
The partnership combines Blueleaf’s financial and deep in-house technical capabilities and SunAsia’s local development experience.
The two companies believe their collaboration is poised to “significantly contribute” to the achievement of the Philippines’ renewable energy goals, especially at a time when the domestic solar energy market is growing.
Citing data from the Department of Energy, Blueleaf and SunAsia noted policymakers were aiming to expand solar power generating capacity by 10,000 MW by 2030.
In the past two decades, Blueleaf has built and operated about 2,000 MW of solar capacity across the globe, including 250 MW in the Philippines and more than 500 MW elsewhere in the Asia-Pacific region.
“With Blueleaf Energy as our partner, we are in a stronger position today in helping the industry attain the renewable energy targets set by the implementation of the country’s Renewable Portfolio Standards,” SunAsia chief executive Tetchi Capellan said.
Formed in 2013, SunAsia has partnered with various firms building crucial projects including the 60-MW Toledo solar farm in Cebu, touted as the fourth largest of such plant in the Philippines.
