Blueleaf talking to Chinese firms for solar project deal

By Lenie Lectura – December 30, 2024
from Business Mirror

BLUELEAF Energy Philippines revealed its officials are negotiating with Chinese firms for an engineering, procurement and construction (EPC) contract for the development of its large-scale floating solar project in Laguna.

“The company is in advanced discussions with several EPC contractors,” said Pradeep Gopalakrishnan, senior project manager at Blueleaf Energy Philippines through a statement. “While these discussions have reached an advanced stage, Blueleaf Energy Philippines remains open to considering other contractors as it gear towards construction.”

Gopalakrishnan said recently that Xian Electric Engineering Co. Ltd. and China Energy Engineering Group are interested to bid for an EPC contract for the solar project, NKS Solar One.

The company has initiated the EPC bidding process in the middle of 2024 and has since engaged both local and international parties to determine the most qualified contractors. This rigorous selection process underscores the company’s aim to deliver a project that surpasses global standards for renewable energy development.

NKS Solar One, a 250MW floating solar project to be situated in Lakes Caliraya and Lumot in Laguna, is a joint venture of Blueleaf Energy Philippines and NKS Energy Utilities. For the first phase, Blueleaf Energy intends to complete 132 MW of the total capacity.

The project is recognized as a Green Lane project under the Board of Investments, and as an Energy Project of National Significance from the Department of Energy.

Blueleaf Energy Philippines is a specialist onshore renewable energy business that develops and operates utility-scale solar projects. It is a portfolio company of Macquarie Capital, operating on a stand-alone basis.