SunAsia Energy and VinEnergo have partnered to develop a 422 MWp floating solar portfolio across the Philippines, with three projects expected to begin operations between 2027 and 2028.SunAsia Energy Inc. and VinEnergo have entered into a partnership to develop a 422 MWp floating solar portfolio across Pampanga and Negros Occidental in the Philippines. The portfolio comprises three floating solar projects with a combined estimated investment of $406 million.
The projects are scheduled to commence commercial operations between 2027 and 2028 and are expected to generate enough clean electricity to power more than 278,000 homes annually. Once operational, the projects are projected to offset approximately 460,888 tonnes of carbon emissions each year.
The developments will utilise Solar on Stilts technology, allowing aquaculture and fishpond activities to continue beneath the elevated solar installations. Over the next 18 months, the two companies will undertake engineering and development activities, including the installation of nearly 700,000 solar panels and around 62 km of new transmission lines.
Separately, in June 2026, Levanta Renewables achieved financial close and issued the notice to proceed for the Barotac Solar and Battery Energy Storage System (BESS) project in the Visayas region of the Philippines. The project comprises a 166 MWp ground-mounted solar PV plant coupled with an 80 MWh BESS. Awarded under the Philippines’ Green Energy Auction Programme Round 4, the project is expected to begin commercial operations by mid-2027.