The six solar contracts have a combined capacity of 610.5 megawatts (MW), covering floating solar facilities to be installed on Laguna Lake which will span across the cities of Calamba, Sta Rosa, and Cabuyao and the towns of Bay and Victoria.
Natarajan said the six SEOCs are the first phase of the total 1.3 gigawatts of floating solar projects that SunAsia and Blueleaf plan to install.
“We will be coming back for four more service contracts which will be issued very quickly,” he added. On the other hand, Blueleaf is a stand-alone portfolio company of Macquarie's Green Investment Group. "The awarding of these contracts accelerates the implementation of the thrust of President Ferdinand Marcos Jr. to develop indigenous and renewable sources of energy. It also represents an additional strategic investment and a firm commitment to strengthen the country's renewable energy sector, especially the commercialization of floating solar as an emerging technology," Lotilla said.
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