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Acwa Power Philippines, a subsidiary of Acwa Power Company, has signed Contract of Lease with the Bases Conversion and Development Authority (BCDA) for 500-hectare site in New Clark City, Philippines. The project includes utility-scale solar photovoltaic plant integrated with battery energy storage systems (BESS). The development is planned with a capacity of up to 500 MW with subject to final design and regulatory approvals. Acwa Power stated that the project involves an initial investment of at least $400,000 per MW. The facility is expected to supply electricity to data centers, manufacturing facilities and other energy-intensive industries within the economic zone.The agreement marks Acwa Power’s first land deal with a Philippine government agency.
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