Energy Secretary Raphael P.M. Lotilla welcomes the latest significant investment in the Philippine renewable energy sector --- the groundbreaking of 3,500 megawatt solar plant project, paired with a 4,500 megawatt-hour Battery Energy Storage System (BESS to be developed by Terra Solar Philippines, Inc. This project, once completed, will become the world’s largest single-site solar and BESS facility, marking a transformative moment in the country’s energy landscape. Its first phase covers 2,500 MW.
 
The Secretary commended Terra Solar Philippines, Inc and partner, Actis, for their commitment to the Philippine energy sector, highlighting that this project exemplifies the type of innovation and investment needed to accelerate the country’s transition to a low-carbon economy.
 
“This major investment in solar and energy storage technology is a crucial step toward achieving our goal of increasing the share of renewables in the energy mix, reducing our carbon footprint and addressing electricity demand in Luzon. It not only enhances our energy security and resilience but will also contribute to our broader economic development by creating jobs and promoting sustainable growth,” Secretary Lotilla said.
 
Beyond its contribution to the energy sector, this project will have a profound economic impact. During the construction phase until its long-term operations, the project is expected to create significant jobs across various sectors, including engineering, construction, manufacturing, maintenance and management of solar plant, battery storage systems, and the associated transmission infrastructure. “This will provide a much-needed boost to the economy, offering employment opportunities to skilled workers and contributing to the development of local communities,” the Secretary added.
 
Once operational, the project is expected to generate over five billion kilowatt-hours of electricity annually, providing a substantial contribution to the Luzon grid and address the growing demand for clean and sustainable energy, while reducing dependence on fossil fuels. The integration of an advanced battery energy storage system will also enhance grid stability, enabling the storage of excess energy generated during peak sunlight hours for use during off-peak periods, further strengthening the energy security of the country.
 
Actis, which will invest in a 40% stake in the project, is a leading global investor in sustainable infrastructure and will bring its decades’ worth of expertise investing in global scale energy generation. The company is in the business of building and operationalizing world-class energy assets to accelerate the energy transition. In October 2024, Actis joined forces with General Atlantic, a leading global growth investor, creating a diversified, global investment platform with approximately $87 billion in combined assets under management. Acti operates as General Atlantic’s sustainable infrastructure business.
 
The solar plant and battery storage project would contribute to the Philippines’ attainment of its renewable energy goals. By 2040, the country aims to derive at least 50% of its energy from renewable sources, with solar, wind, geothermal, and hydro playing key roles. This project represents a critical piece of that vision, driving forward the development of a cleaner, more sustainable energy future for the Philippines.
 
The project, located in Nueva Ecija and Bulacan will serve as a model for future investments in renewable energy, driving innovation and positioning the Philippines as a leader in the global renewable energy market. ###