Magat floating solar project, Philippines
Name of the Project
Magat floating solar project.
Location
Magat reservoir in the Isabela province, in the Philippines.
Project Owner/s
The project will be developed through SN Aboitiz Power (SNAP), a 50:50 joint venture in the Philippines between renewable-energy solutions provider Scatec and Aboitiz Renewables.
Project Description
The project entails the construction of a 68 MW floating solar project under the Philippines Department of Energy’s Green Energy Auction Programme 4, or GEA 4.
Potential Job Creation
Not stated.
Capital Expenditure
To be confirmed at financial close.
Planned Start/End Date
The project is expected to reach financial close and start construction in 2026. The commercial operations date is targeted for 2027.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Scatec senior VP Andreas Austrell, tel +47 974 38 686 or email andreas.austrell@scatec.com.
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