Powering Paradise in the Philippines
Acwa Power Philippines, a subsidiary of Acwa Power Company (Saudi Tadawul: 2082) and the world's largest private water desalination company, just signed a game-changing contract of lease with the Bases Conversion and Development Authority (BCDA). They secured a massive 500-hectare site in New Clark City, Riyadh's forward-thinking partner from the Kingdom of Saudi Arabia. This deal marks a thrilling leap for clean energy.
Moreover, the project kicks off with an integrated utility-scale solar photovoltaic and battery energy storage system. It promises up to 500 MW capacity and an initial investment of at least USD 400,000 per MW.
Future-Proofing Filipino Dreams
Leaders celebrate this milestone enthusiastically. Finance Secretary Frederick D. Go highlights how it builds a strong foundation for semiconductors, advanced manufacturing, and AI industries while creating lasting jobs.
Meanwhile, Acwa's CEO Dr. Samir J Serhan and Country GM Salman M. Baray stress community investment and reliable renewables. BCDA's Engr. Joshua M. Bingcang calls it a defining moment that accelerates renewable targets and attracts top tenants. This first-mover green hydrogen leader now powers the Philippines' sustainable boom.
