The Board of Investments (BOI) witnessed the signing of the solar floaters supply agreement for the 1,300-megawatt Laguna Lake Floating Solar Project on July 22, 2025 at the Brittany Hotel, Bonifacio Global City.
The deal brings together SunAsia Energy Inc., BlueSolar Holdings Inc., Sungrow FPV Sci. & Tech. Co. Ltd. and Taison Industrial Corp. Under the agreement, Taison will locally manufacture and deploy 75,000 solar floaters to support an initial 50-MW rollout through the country’s first green factory dedicated to renewable energy infrastructure.
The initiative, endorsed by the BOI under its Green Lane initiative (pursuant to Executive Order No. 18), is the largest planned floating solar facility in the Philippines. It introduces innovative floating solar technology and revitalizes domestic manufacturing by leveraging local expertise in large-scale blow molding for infrastructure-grade components.
The BOI expressed its full support for the initiative, which it said aligns with national efforts to increase renewable energy capacity, strengthen local supply chains, and attract strategic investments that foster inclusive and innovation-driven growth.
The agency also recognized the project’s contribution to job creation, skills development, and sustainability-led industrial transformation.
Department of Energy (DOE) Secretary Sharon Garin lauded the collaboration as a model for how clean energy infrastructure can simultaneously drive industrialization and environmental responsibility. The DOE reaffirmed its policy direction and regulatory support, particularly in achieving its 3-GW floating solar deployment target.
The Laguna Lake Development Authority (LLDA) welcomed the development as a forward-looking solution for power generation using inland waters. The LLDA will oversee the sustainable development and regulatory compliance of floating solar installations within Laguna Lake.
The BOI, DOE and LLDA agreed to maintain close coordination with SunAsia, Sungrow and Taison to ensure the timely manufacturing and deployment of the initial floaters, paving the way for future scale-up and replication across other sites.
The BOI said it remains committed to facilitating strategic investments that support the country’s energy transition and industrial transformation.
 has signed a supply agreement for the 1,300-megawatt Laguna Lake Floating Solar Project. The deal involves SunAsia Energy, BlueSolar Holdings, Sungrow FPV, and Taison Industrial, with Taison locally manufacturing 75,000 solar floaters for the initial phase. This project, endorsed under the BOI's Green Lane initiative, is the largest of its kind in the Philippines and aims to boost renewable energy capacity and local manufacturing.){kind=link}