Acciona Energía Signs MoU With the Cebu Government For a 150MW Solar Plant

Image: Acciona Energia

Spanish renewable energy firm Acciona Energía has announced the signing of a Memorandum of Understanding (MoU) with the Provincial Government of Cebu and consultancy Freya Renewables for the development of a 150MW photovoltaic plant in the municipality of Daanbantayan, at the northern tip of the Island.

Acciona already has a significant presence in the Philippines, where it has been operating through its Water and Infrastructure divisions since 2016 and has incorporated modern and sustainable technologies, designs, and innovations in flagship projects, such as the Cebu Cordova Link Expressway (CCLEX), the DWTP Putatan II water treatment plant, and the DWTP Laguna Lake.

The MoU was signed by Gwendolyn Garcia, Governor of Cebu, Rafael Esteban, Global Chief Business Development Director at Acciona Energía, and Fermin Álvarez, General Manager at Freya Renewables, during a ceremony held in Cebu city.

Cebu Governor Gwendolyn Garcia said the partnership was mutually beneficial and showed the willingness of the Provincial Government to facilitate relationships with local communities and entities. “In the next year and a half, longest two, we will be able to provide cheaper energy for the province of Cebu, enticing more investments and more importantly helping those who are in the lower ranks of the economic pie,” Garcia said.

The Philippine government is strongly promoting the development of renewables to reduce its dependence on imported fossil fuels, and it has set a target to increase the share of renewable energy in the energy mix to 35 % by 2030 and 50 % by 2040.