Featured in 2025 Unboxed – 02-2025

Philippines reaps benefit of new investment regime

Reforms over the past three years have lifted restrictions on foreign investment and sped up the permitting process for solar projects in the Philippines. As the government banks on renewables to drive the rapid expansion of power production, challenges remain for local project developers. Neil Ford reports.

By

pv magazine

07 Feb 2025

The 40 MW/60 MWh Alaminos Energy Storage system, developed by ACEN, is connected to the 120 MW Alaminos solar park in the Philippines. | Photo: ACEN

Given the limited scale of solar in the Philippines, it is perhaps surprising that there are plans to develop one of the world’s biggest combined PV and energy storage projects in the country.Solar Philippines New Energy Corp. (SPNEC) will build the 3.5 GW solar and 4.5 GWh battery Terra Solar project in the provinces of …

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