About $1.2 Billion! Philippines Plans To Build 1.3GW Floating Photovoltaic Power Plant

Philippine President Ferdinand Marcos and Singaporean Prime Minister Lee Hsien Loong recently signed several letters of intent to help Singaporean companies invest in the Philippines. The plans include the installation of a 1.3GW Floating photovoltaic power plant farm on Laguna de Bay, the largest lake in the Philippines.

solar floating system

The Philippine government said recently that the project could require an investment of about $1.2 billion, but gave no further details. According to Philippine media "Inquirer", the project will begin commercial operation in 2024. Local Philippine developers Blueleaf Energy and Sun Asia said in a statement a few days ago that they will develop the large floating solar farm in partnership with Green Investment Group, an Australian property of Macquarie A subsidiary of a management company.

According to a recent study, the Philippine Laguna Lake Development Authority (LLDA) started considering the installation of floating photovoltaic power station on the lake in 2016, when the first intent process was launched. The research report claims that four pilot PV projects have been developed around the lake, with installed capacities ranging from 10kW to 22kW.

“The Laguna de Bay is a multi-use resource, with capture fisheries and aquaculture being its primary uses,” the report states. So one of the main considerations now is the area allocated for floating PV farms.

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