NKS Solar One Inc., a joint venture between Blueleaf Energy Philippines and NKS Energy Utilities, received a certificate declaring its 250-megawatt peak floating solar project in Caliraya and Lumot Lakes in Laguna as energy project of national significance.
The certificate, issued by the Department of Energy under Executive Order 30, will help expedite and streamline the issuance of necessary permits and clearances from various government agencies and authorities.
It recognizes energy projects that significantly impact the country’s energy security, economic growth, and environmental sustainability.
“We are honored and excited to receive this national recognition. This sends a strong message that our project aligns with the national government’s priorities to address the country’s urgent need for more energy,” said NKS Solar One president Andre Pablo Fausto III in a statement.
Energy projects of national significance are pivotal initiatives identified and endorsed by the DOE, aligning with the Philippine Energy Plan.
The comprehensive roadmap outlines programs and projects aimed at ensuring a sustainable, stable, secure, sufficient, accessible, and reasonably-priced energy supply.
“This reflects our dedication to advancing renewable energy and also emphasizes the value of our project to the country’s future,” said Blueleaf Energy Philippines country head and investment director Christopher Chua.
NKS Solar One is one of the winners in the DOE’s Green Energy Auction Program 2. Construction is scheduled to commence in late 2024, with anticipated completion date in 2026.
The project also received green lane status from the Board of Investments in April 2023.
Blueleaf Energy Philippines is a specialist onshore renewable energy business that develops and operates utility-scale solar projects. It is a portfolio company of Macquarie Capital, operating on a stand-alone basis.
