Masdar to Develop 1 GW Renewable Energy Projects in the Philippines by 2030
POWER & RENEWABLE ENERGY

Masdar to Develop 1 GW Renewable Energy Projects in the Philippines by 2030

Masdar, the Abu Dhabi Future Energy Company, has signed agreements with the Philippine government to develop 1 GW of renewable energy projects by 2030. The projects, spanning solar, wind, and battery energy storage, support the Philippines’ target of achieving 35 per cent renewable energy in power generation by 2030 and 50 per cent by 2040.

The agreements include an Implementation Agreement with the Department of Energy and an MoU with the Board of Investments, signed in the presence of UAE Minister Dr. Sultan Al Jaber and Philippines Energy Secretary Raphael P.M. Lotilla.

Masdar’s efforts will align with the Luzon Economic Corridor's development, encompassing Subic Bay, Clark, Manila, and Batangas, positioning these zones as hubs for commerce and renewable energy.

Masdar CEO Mohamed Jameel Al Ramahi noted this partnership marks a significant step in Masdar’s expansion in Southeast Asia, complementing its existing projects like Indonesia’s 145 MW Cirata Floating Solar Plant and Malaysia’s 10 GW clean energy initiative.

Founded in 2006, Masdar has developed projects in over 40 countries and aims to produce 1 million tonne of green hydrogen annually by 2030, reinforcing its role in global energy transition efforts.

[ET]

Masdar, the Abu Dhabi Future Energy Company, has signed agreements with the Philippine government to develop 1 GW of renewable energy projects by 2030. The projects, spanning solar, wind, and battery energy storage, support the Philippines’ target of achieving 35 per cent renewable energy in power generation by 2030 and 50 per cent by 2040.The agreements include an Implementation Agreement with the Department of Energy and an MoU with the Board of Investments, signed in the presence of UAE Minister Dr. Sultan Al Jaber and Philippines Energy Secretary Raphael P.M. Lotilla.Masdar’s efforts will align with the Luzon Economic Corridor's development, encompassing Subic Bay, Clark, Manila, and Batangas, positioning these zones as hubs for commerce and renewable energy.Masdar CEO Mohamed Jameel Al Ramahi noted this partnership marks a significant step in Masdar’s expansion in Southeast Asia, complementing its existing projects like Indonesia’s 145 MW Cirata Floating Solar Plant and Malaysia’s 10 GW clean energy initiative.Founded in 2006, Masdar has developed projects in over 40 countries and aims to produce 1 million tonne of green hydrogen annually by 2030, reinforcing its role in global energy transition efforts.[ET]

Next Story
Infrastructure Energy

EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries. India’s National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from ..

Next Story
Infrastructure Energy

West Bengal Seeks O&M Bids for 1.891 MW Solar Project

The West Bengal Power Development Corporation (WBPDCL) has invited bids for the comprehensive operation and maintenance (O&M) of a 1.891 MW rooftop solar project at Kolaghat Thermal Power Station for two years. Bids must be submitted by March 29, 2025, and will be opened on April 2. An earnest money deposit of Rs 89,332 is required, and successful bidders must provide a performance bank guarantee of 10% of the contract value within 30 days of the work order issuance. If the accepted bid value is 80% or lower than the estimated value, an additional performance security of 10% is mandatory. ..

Next Story
Infrastructure Energy

EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries. India’s National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?