Mobi Solar Philippines and Long Neng Power Philippines have formalized a joint venture (JV) agreement to accelerate sustainable energy development in the Philippines. The agreement was signed on 13 December during Mobi Solar’s Client Appreciation Year-End Event held in Mandaluyong City.
Under the partnership, the two companies will invest USD 20 million over the first three years to develop 30 MW of solar capacity, followed by an additional USD 40 million investment in a second three-year phase to scale total capacity to 60 MW. The investments will be facilitated through Long Neng Power Hong Kong and MOBI Renewables Hong Kong.
The joint venture combines Long Neng Power’s global expertise in photovoltaic power generation, industrial energy storage, and smart energy management with Mobi Solar Philippines’ local capabilities across power purchase agreements (PPAs), engineering, procurement and construction (EPC), and operations and maintenance (O&M).
Commenting on the partnership, Ronghua Liao, CEO of Mobi Solar Philippines Inc., said the collaboration strengthens the company’s clean energy strategy, noting that the JV will accelerate the deployment of scalable, zero-CAPEX solar solutions by integrating global technology with local execution.
Wang Zixu, President of Long Neng Power Philippines, said the Philippines represents a strategic growth market for the company, adding that the partnership will support the delivery of high-quality solar projects that enhance energy security and advance the country’s low-carbon transition.
The joint venture is positioned to play a significant role in expanding renewable energy capacity in the Philippines, supporting industrial energy transition and accelerating the adoption of sustainable solar solutions across the country.
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