ACWA Power to Invest $200M in Renewable Energy Project in New Clark City, Philippines
ACWA Power is set to invest $200 million in a renewable energy project in New Clark City, Philippines, aimed at producing clean electricity through advanced solar technology and battery storage. The initiative, covering 500 hectares, aligns with President Ferdinand Marcos Jr.'s sustainable energy vision and was formalized during the World Economic Forum in Davos. The project is supported by the Bases Conversion and Development Authority, which reported significant revenue growth exceeding its targets.
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ACWA Power is investing $200 million to develop a renewable energy project in New Clark City, Capas, Tarlac. This initiative aims to produce clean and reliable electricity and is part of a contract signed on January 21 at the World Economic Forum in Davos.
The project will cover 500 hectares and utilize advanced solar photovoltaic technology with battery energy storage for stable and cost-efficient power supply. The partnership, facilitated by the Bases Conversion and Development Authority (BCDA), supports President Ferdinand Marcos Jr.'s vision for sustainable energy. BCDA has reported cash revenues of P14.1 billion in 2025, exceeding its target by over 40 percent.
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