Acwa Power Philippines and the Bases Conversion and Development Authority (BCDA) have signed a contract of lease for a 500-hectare site in New Clark City, paving the way for the development of a utility-scale solar photovoltaic and battery energy storage system (PV-BESS) project. The development represents a major step in the Philippines’ clean energy transition and supports the government’s efforts to attract high-value industrial investments to the country’s flagship smart city.

Under the agreement, Acwa Power Philippines will develop an integrated solar and battery storage facility with an eventual capacity of up to 500 MW, subject to final design, regulatory approvals and future expansion phases. The project will involve an initial investment of at least USD400,000 per MW and is intended to provide reliable renewable energy for data centres, advanced manufacturing facilities, artificial intelligence-related industries and other energy-intensive operations locating within New Clark City.