ACCIONA Energía, the largest 100-percent renewable energy company with no fossil legacy, said Wednesday it was awarded a 20-year power supply contract for the full output of two renewable projects totaling 281 megawatts (MW) in the Philippines.
The contract, granted by the Department of Energy under the Fourth Round of the Green Energy Auction Program (GEAP), provides long-term certainty for the energy these projects will produce. This supports the Philippines in reaching its renewable energy targets and delivers clean reliable power to consumers.
The awarded projects are the 101-MW Kalayaan 2 wind farm in Laguna, which is under construction, and the 180-MWpeak Daanbantayan solar plant in Cebu, with construction expected to begin before the end of 2025.
The Spanish firm has a pipeline of more than 2 gigawatts (GW) under development in the Philippines in addition to these two projects.
ACCIONA Energía recently reorganized its partnerships in Southeast Asia to strengthen its position in key markets such as the Philippines and Thailand, where it holds substantial portfolios and plans to continue expanding in the coming years.
ACCIONA, the parent company and a leading global firm in the provision of regenerative solutions, has had a strong presence in the Philippines since 2016, primarily through its water and infrastructure divisions.
Flagship projects include the Cebu-Cordova Link Expressway (CCLEX) and the Putatan 2 and Laguna Lake water treatment plants.
ACCIONA’s foundation, acciona.org, has been supporting rural and underserved communities in the country since 2021, bringing electricity services to areas that previously lacked access.
Through collaborations with the Ayala Foundation and the Spanish Agency for International Cooperation and Development, acciona.org has so far reached around 3,500 households small businesses and community centers.
ACCIONA Energía operates 15.1 GW of renewable energy globally and has a presence in 24 countries. With 30 years of experience, the company offers a complete portfolio of tailor-made energy solutions for its corporate and institutional clients to meet their decarbonization goals. It is committed to the highest environmental social and corporate governance (ESG) standards.
