(DDM) – Japanese renewable energy giant Renova has secured the rights to develop an 85-megawatt solar project in the Visayas region of the Philippines.
Diaspora Digital Media (DDM) gathered that the project was awarded through the country’s fourth Green Energy Auction Programme (GEAP), marking Renova’s first entry into the Philippine renewable energy market.
The Tokyo-based company will partner with Victoria’s Green Energy Corporation, a local renewable energy firm, to construct and operate the solar facility.
Under the terms of the award, the power generated will be supplied to the Philippine grid through a 20-year fixed-tariff contract.
Industry experts note that this milestone represents a strategic move by Renova to expand its renewable energy footprint across Asia while diversifying its global portfolio.
The company aims to reach 5 gigawatts of installed capacity worldwide by the end of the decade, with 1.8 gigawatts coming from international ventures.
Climate change and environmental sustainability have driven countries worldwide to pursue decarbonization of their energy sectors, creating rising demand for solar, wind, and other renewable solutions.
Asia’s renewable energy market has experienced rapid growth in recent years, exemplified by similar projects backed by the Asian Development Bank and private investors in India, Uzbekistan, and other regional markets.
Renova’s Visayas project aligns with this trend, combining solar power generation with long-term economic and environmental benefits for local communities.
The new facility is expected to contribute significantly to the Philippines’ clean energy targets, reducing reliance on fossil fuels while supporting national grid stability.
The partnership with Victoria’s Green Energy Corporation also highlights local engagement, ensuring that operational and maintenance expertise is developed within the country.
Analysts say the success of Renova’s entry into the Philippine market could encourage other international renewable energy companies to follow suit, intensifying competition and innovation across Southeast Asia.
The global push for decarbonization, spurred by the Paris Agreement and climate-related disasters such as wildfires and floods, has accelerated investment in renewable projects.
Renova’s move demonstrates a clear strategic vision to capitalize on rising energy demand while contributing to environmental sustainability across the Asian continent.
The company has stated that the Visayas project is just the first step in a series of planned expansions in Asia’s solar market.
DDM reports that the development of this 85-MW facility is expected to create jobs, stimulate local economies, and provide reliable clean energy for thousands of households in the Visayas region.
With renewable energy demand continuing to surge, Renova’s entry into the Philippines sets a precedent for large-scale solar projects and international collaboration in Asia.
This initiative reinforces the growing importance of global partnerships in the fight against climate change and the transition to cleaner energy sources.
The solar project is scheduled to begin construction in early 2026, with operational launch planned within the following two years, positioning Renova as a major player in Southeast Asia’s renewable energy landscape.
The agreement reflects not only corporate ambition but also the Philippines’ commitment to expand renewable energy capacity in line with sustainable development goals.
DDM confirms that the GEAP program has successfully attracted several international companies to the Philippine market, underscoring the country’s growing appeal as a renewable energy investment hub.
