ACCIONA Energía, in partnership with the Provincial Government of Cebu and Filipino consultancy Freya Renewables, has officially signed a Memorandum of Understanding (MOU) for the development of a groundbreaking 150MW photovoltaic plant. The solar facility is slated for construction in the municipality of Daanbantayan, situated at the northern tip of the island.
The pivotal MOU signing took place during a formal ceremony in Cebu City, attended by notable figures including Gwendolyn Garcia, the Governor of Cebu, Rafael Esteban, Global Chief Business Development Director at ACCIONA Energía, and Fermin Álvarez, General Manager at Freya Renewables.
Expressing enthusiasm about the collaboration, Rafael Esteban remarked, “We are very glad to collaborate with the Cebu Provincial Government to accelerate decarbonization and improve supply in the Cebu province with 100% clean energy.”
Governor Gwendolyn Garcia emphasized the mutual benefits of the partnership, highlighting the Provincial Government’s commitment to fostering connections with local communities and entities. She also stated, “In the next year and a half, longest two, we will be able to provide cheaper energy for the province of Cebu, enticing more investments and more importantly helping those who are in the lower ranks of the economic pie.”
This initiative aligns with the Philippine government’s strategic goal of reducing dependence on imported fossil fuels. The country has set ambitious targets, aiming to increase the share of renewable energy in the energy mix to 35% by 2030 and 50% by 2040.
ACCIONA Energía has been a significant player in the Philippines since 2016, operating through its Water and Infrastructure divisions. The company has introduced modern and sustainable technologies in flagship projects like the Cebu Cordova Link Expressway (CCLEX), the DWTP Putatan II water treatment plant, and the DWTP Laguna Lake, showcasing its commitment to innovation and sustainability in the region.
Stay tuned for further updates on this groundbreaking renewable energy project, which marks a significant step towards a greener, more sustainable future for the Philippines.