SunAsia pitches P 12-B floating solar plants in Laguna

business / Headlines Headlines SunAsia Energy project SunAsia pitches P 12-B floating solar plants in Laguna By: Lisbet K. Esmael - Reporter / @lisbetesmael Philippine Daily Inquirer / 02:05 AM July 28, 2026 Share: MANILA, Philippines — Renewable energy producer SunAsia Energy Inc. seeks to increase its footprint in Luzon with a proposal to develop two floating solar plants worth P12.

04 billion on Laguna Lake. Through its subsidiaries, NewAsia Power Energy II Corp.(NPE2C) and Nortesol II Inc.

(N2I), SunAsia hopes to build the solar assets with a capacity of 131.79 megawatt-peak (MWp) each. READ: SunAsia, VinEnergo earmark $406M for floating solar projects Article continues after this advertisement This was according to separate filings before the Department of Environment and Natural Resources.

FEATURED STORIES BUSINESS About P7/liter fuel price hike set on July 28 BUSINESS DOE chief eyes keeping Semirara coal for domestic use BUSINESS BIR clarifies one-time abatement program for micro taxpayers NPE2C is tasked to develop the Sta. Rosa Floating PV Power Plant, while N2I will develop the Cabuyao 1 Floating PV Power Plant. Operational by 2028 The solar facilities cover two of the 10 blocks assigned by the Laguna Lake Development Authority for renewable energy projects.

Based on the documents, each project will cover an area of 117.5 hectares, utilize 202,800 panels and deploy a total of 396,000 inverters. “The initiative seeks to reduce dependence on fossil fuels, mitigate the impacts of climate change and contribute to Luzon’s energy supply,” the firms said.

Article continues after this advertisement SunAsia is targeting to make them operational by early 2028. The group is a homegrown renewable energy producer with projects focused on floating solar and solar on water. Since its launch in 2013, SunAsia’s portfolio includes a 60-megawatt (MW) facility in Toledo, Cebu, a 20-MW project in Pangasinan and a floating solar photovoltaic test bed on Laguna Lake.

Article continues after this advertisement In June, SunAsia teamed up with Vietnam’s VinEnergo to roll out solar projects on water bodies in the Philippines. With a capital of about $406 million, both parties said they would fire up a 422-MWp portfolio across Pampanga and Negros Occidental. READ: SunAsia secures 10 contracts for solar farm Solar on stilts A technology dubbed “solar on stilts” will be used, with solar panels elevated on a concrete structure, allowing aquaculture and the cultivation of aquatic species.

They are eyed for commercial operations between 2027 and 2028. Your subscription could not be saved. Please try again.

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The Philippine government has a goal of expanding the share of renewable energy to the electricity generation mix from the current 25 percent to 35 percent by 2030. INQ READ NEXT SunAsia pitches P 12-B floating solar plants in Laguna Pagcor casino privatization to cut healthcare funds by P2.1B y...

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