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2024-11-26 05:55:00

CHINA SOLAR FOR PHILIPPINES $4 BLN

CHINA SOLAR FOR PHILIPPINES $4 BLN

ENERDATA - 21 November 2024 - China Energy Engineering Group Co. (Energy China) has signed an engineering, procurement and construction (EPC) contract with Terra Solar Philippines for the development of a 3.5 GW solar project on the island of Luzon, in northern Philippines.

The US$4bn Terra Solar project will also feature a 4.5 GWh battery energy storage system (BESS). The project is developed by Terra Solar, a subsidiary of Solar Philippines New Energy Corporation (SPNEC).

At the end of 2023, the Philippines had a total installed capacity of 28 GW, of which solar represented a little more than 5% (1.6 GW).

 

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Earlier:

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Tags: CHINA, PHILIPPINES, SOLAR, INVESTMENT