$1.7-B floating solar projects in Laguna Lake approved | Lenie Lectura

SUNASIA Energy Inc. and Singapore-headquartered Blueleaf Energy are investing $1.5 billion to $1.7 billion in large-scale floating solar projects on Laguna Lake.

BlueLeaf Energy Chief Executive Officer Raghuram Natarajan said the set of six SEOC forms part of its total planned investment projects worth “1.5 to 1.7 billion dollars of investment capital.” DOE Secretary Raphael Lotilla awarded the SEOCs on Wednesday afternoon. He was joined by SunAsia Energy President Tetchi Capellan and Natarajan at the turnover.

“The awarding of these contracts accelerates the implementation of the thrust of President Ferdinand Marcos, Jr. to develop indigenous and renewable sources of energy. It also represents an additional strategic investment and a firm commitment to strengthen the country’s renewable energy sector, especially the commercialization of floating solar as an emerging technology,” Lotilla said.

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