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Blueleaf Energy, a portfolio company of Macquarie’s Green Investment Group, and SunAsia have entered into a partnership to co-develop 1.25 GW of solar projects in Luzon, Philippines.
The partnership coincides with the forecast growth of the Philippine’s solar energy market. The country is increasingly focused on renewable energy, and targets the delivery of an additional 10 GW of solar energy by 2030, which would comprise in excess of 20% of its energy mix.
Blueleaf Energy is a leading solar energy company dedicated to developing high quality projects. 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.
The partnership brings together Blueleaf’s financial and deep in-house technical capabilities and SunAsia’s local development experience. Such collaboration is poised to significantly contribute to the achievement of Philippines’ renewable energy goals.
Sol Proops, Interim CEO of Blueleaf Energy, said: ‘We are pleased to partner with SunAsia to drive forward Philippines’ green energy transition. This marks another milestone as we partner with reliable, strategic local developers to expand the solar industry across Asia.”
SunAsia CEO Tetchi Capellan declared, “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.”