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The two floating solar power projects of ACEN Corp. in Laguna Lake with combined investments of P18 billion are expected to deliver 420 megawatts by 2027.
The two companies were awarded renewable energy contract area utilization agreement by the Laguna Lake Development Authority in August 2023 for the development, construction, installation, testing, commissioning, operation and maintenance of a lake-based solar farm. The use of a floating solar PV system also reduces the need for valuable land area, saves drinking water that would otherwise be lost through evaporation and possibly limits algae growth due to the shading effect of floating solar over water surfaces.
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