Philippine Government Approves 65 MW Solar Project on Luzon Island

Feb 16, 2024 02:13 PM ET
  • Philippine government approves PHP 2.7 billion solar project in Pangasinan, set to boost renewable energy goals and contribute to a greener future.

The Philippine government has approved a 65 MW solar project proposed by Burgos Pangasinan Solar Energy Corp. The project, estimated to be worth PHP 2.7 billion (USD 48.2m/EUR 44.8m), will be located in Burgos municipality in the province of Pangasinan. It will cover 71.5 hectares of land and is expected to have an installed capacity of between 50 MW and 65 MW. Commercial operations are set to begin in September 2026. The project is expected to contribute to the country's goal of achieving a 35% renewable energy share in the power generation mix by 2030.

The Board of Investments (BOI), an agency under the Department of Trade and Industry, issued a green lane certificate authorizing the project. Burgos Pangasinan Solar Energy Corp is controlled by Rising Renewables Holdings.

What is the approved capacity and location of the Burgos Pangasinan solar project in the Philippines?

  • The Burgos Pangasinan solar project in the Philippines has been approved with a capacity of 65 MW.
  • The project will be located in the Burgos municipality in the province of Pangasinan.
  • It will cover an area of 71.5 hectares of land.
  • The estimated cost of the project is PHP 2.7 billion (USD 48.2m/EUR 44.8m).
  • The project is expected to have an installed capacity ranging between 50 MW and 65 MW.
  • Commercial operations for the project are scheduled to begin in September 2026.
  • The Board of Investments (BOI), an agency under the Department of Trade and Industry, has issued a green lane certificate authorizing the project.
  • Burgos Pangasinan Solar Energy Corp, the company behind the project, is controlled by Rising Renewables Holdings.
  • The project is aligned with the Philippines' goal of achieving a 35% renewable energy share in the power generation mix by 2030.

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