The Bases Conversion and Development Authority (BCDA) has tapped Saudi energy giant ACWA Power to drive a large-scale renewable energy push in New Clark City, a move aimed at securing clean, reliable, and affordable power for one of the Philippines’ flagship developments.
The agreement was signed at the InvestPhilippines Business Pavilion during the World Economic Forum in Davos, Switzerland, on January 21, underscoring the government’s bid to court global investors while advancing climate-resilient infrastructure.
BCDA said the partnership aligns with its strategy to deliver low-cost power solutions that balance innovation with long-term value amid volatile global energy markets.
Under the deal, ACWA Power plans to develop a renewable energy facility anchored on advanced solar photovoltaic technology, with the potential integration of battery energy storage systems (BESS).
The project is designed to provide stable and competitively priced electricity to both existing and future locators in New Clark City, a fast-emerging hub for high-tech, industrial, and sustainable investments.
The signing was led by BCDA President and Chief Executive Officer Joshua M. Bingcang and ACWA Power Chief Executive Officer Marco Arcelli.
BCDA said up to 500 hectares of land may be allocated for the solar photovoltaic power plant, subject to site validation, detailed technical studies, and the completion of required regulatory approvals. Once realized, the project could rank among the largest renewable energy developments within a Philippine economic zone.
Officials said the partnership is expected to accelerate renewable energy deployment in New Clark City, strengthen climate-resilient infrastructure, and enhance the area’s appeal to power-intensive, future-focused industries.
BCDA added that the memorandum of understanding reflects the convergence of infrastructure development, clean energy, and patient capital under the country’s growth agenda—reinforcing the Philippines’ position as a competitive destination for sustainable, long-term investments while future-proofing one of its most ambitious urban developments.
