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THE Bases Conversion and Development Authority (BCDA) said Acwa Power Philippines is leasing 500 hectares in New Clark City to build a solar facility that is targeted at serving data centers and other advanced industries expected to rise in the area.
THE Bases Conversion and Development Authority said Acwa Power Philippines is leasing 500 hectares in New Clark City to build a solar facility that is targeted at serving data centers and other advanced industries expected to rise in the area.
Acwa Power, a unit of Saudi Arabia’s largest water desalination company, plans to develop an integrated utility-scale solar photovoltaic and battery energy storage system, the BCDA said in a statement on Wednesday. The project will involve an initial investment of at least $400,000 per megawatt , with a capacity of up to 500 MW upon full build-out, it said.cer Joshua M. Bingcang said Acwa’s plans will help the Philippines accelerate renewable energy adoption and attract high-value tenants that require clean power to New Clark City.ning moment for the estate.
It tells global investors that this is where the Philippines’ next wave of sustainable infrastructure gets built,” Mr. Bingcang said. RE accounted for 25% of the Philippines’ power generation mix in 2025, with the government targeting 35% and 40% by 2030 and 2040, respectively. Parent Acwa Power Co. is listed in Saudi Arabia.
It is part of a group that is the world’s largest private water desalination company.rst land agreement with a Philippine government agency, as the company seeks to expand its footprint in Southeast Asia. —
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