A foreign renewable energy developer, Levanta Renewables, has awarded an engineering, procurement, and construction (EPC) contract to China Energy Engineering Group for a solar power project in Iloilo.
The contract covers the development of a 166-megawatt solar photovoltaic facility in Barotac, integrated with an 80 megawatt-hour battery energy storage system. The project aims to improve grid stability and ensure a more reliable power supply in the region.
Levanta CEO Pramod Singh said the deal is a key step in expanding the company’s renewable energy projects in the Philippines, combining Levanta’s development expertise with CEEC’s construction capabilities.
The project is part of the government’s fourth round of the Green Energy Auction program, which offers incentives to developers that meet pricing and completion targets.
The Iloilo solar project is estimated to cost around P5 billion and is expected to reduce carbon emissions by more than 200,000 metric tons annually.
Levanta Renewables, based in Singapore, develops and operates renewable energy projects across Southeast Asia. It is wholly owned by Actis, part of the General Atlantic platform.
