Blueleaf Energy, SunAsia to develop solar projects
BY LENIE LECTURA – JUNE 4, 2021
from Business Mirror
Blueleaf Energy, a portfolio company of Macquarie’s Green Investment Group, has partnered with renewable energy (RE) developer SunAsia Energy for the development of 1.25 gigawatts (GW) of solar projects in Luzon.
Blueleaf said the partnership coincides with the forecast growth of the Philippines’s solar energy market. The country targets the delivery of an additional 10 GW of solar energy by 2030, which would comprise in excess of 20 percent of its energy mix.
Over the past 20 years, Blueleaf has developed, built and operated almost 2 GW of solar capacity across the globe, including over 500 MW in the Asia Pacific region and 250 MW in the Philippines.
“We are pleased to partner with SunAsia to drive forward Philippines’s green energy transition. This marks another milestone as we partner with reliable, strategic local developers to expand the solar industry across Asia,” Interim CEO of Blueleaf Energy Sol Proops said in a statement.
The partnership brings together Blueleaf’s financial and technical capabilities and SunAsia’s local development experience.
“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.
This cooperation raises the bar of project development work in the country as the partnership offers the renewable energy market innovative solar solutions that are both viable and appropriate to local conditions,” SunAsia Chief Executive Officer Tetchi Capellan said.
SunAsia Energy has a strong track record in implementing solar energy projects in the Philippines. Since its inception in 2013, the company has worked with partners in delivering clean energy foremost of which is the installation of the Philippines 4th largest solar power plant in Cebu.
It also specializes in innovative solutions holding today an exclusive license to operate the biggest floating solar pilot project in the town of Bay in Laguna Lake.
