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Actis, a London-based investment house, has formalised its plants to fund $600 million in the Philippines for the development of the country’s largest single-site solar power project.
By PA/TPN, in Asia, World, Environment, Sustainability · 14 Sep 2024, 18:31 · 0 Comments
The Terra Solar is a 3,500-megawatt solar power project with a 4,500-megawatt hour battery energy storage system that has been awarded by the Board of Investments and is set to become a landmark in global renewable energy.
The project is supported by a 20-year power supply agreement with Meralco for 850MW, and is due for completion by 2027, which is expected to supply electricity to around 2.4 million households.
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