The Philippines has taken a monumental step in renewable energy development with the groundbreaking of Terra Solar Philippines, Inc.’s 3,500-megawatt solar plant and a 4,500-megawatt-hour Battery Energy Storage System (BESS), set to become the world’s largest single-site solar and battery facility.
Energy Secretary Raphael Lotilla hailed the project as transformative, underscoring its alignment with the government’s push for renewable energy to meet growing electricity demands while reducing dependence on fossil fuels.
“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,” Lotilla said.
The project’s first phase will involve a 2,500-MW solar installation, expected to produce over five billion kilowatt-hours annually upon completion. This capacity will significantly contribute to the Luzon grid, addressing the region’s rising energy needs and enhancing grid stability through advanced battery storage.
Actis, a global leader in sustainable infrastructure investment, has partnered with Terra Solar by acquiring a 40% stake. Actis brings decades of expertise, leveraging a combined investment platform with General Atlantic, managing assets worth approximately $87 billion globally.
During the construction phase, the project is projected to generate thousands of jobs across engineering, manufacturing, construction, and operations, providing economic benefits to local communities.
“This will provide a much-needed boost to the economy, offering employment opportunities to skilled workers and contributing to the development of local communities,” Lotilla added.
The plant, located in Nueva Ecija and Bulacan, also positions the Philippines as a significant player in the global renewable energy market, aligning with the nation’s goal to source 50% of its power from renewables by 2040.
The facility is expected to serve as a model for future renewable investments, promoting innovation and sustainable development while securing energy stability for the Philippines.
