ACEN Corp signs 1000 MW floating solar PV project development in Laguna Lake

ACEN Corporation, through its subsidiaries, has signed a Renewable Energy Contract Area Utilization (RECAU) agreement with the Laguna Lake Development Authority (LLDA) to lease 800 hectares of Renewable Energy Areas (REAs) in Laguna, Philippines. 

The project will be situated on Laguna Lake, the Philippines' largest freshwater lake, and could contribute a substantial ~1,000 MW to ACEN's growing renewables capacity. This signifies a notable milestone as the company explores and integrates new technologies into its renewable energy portfolio.

Following an invitation to develop floating solar renewable energy projects on Laguna Lake, ACEN, through its subsidiaries, received a Notices of Award from LLDA in July. Solar Energy Operating Contracts (SEOCs) for eight blocks of hundred hectares each in the southern and eastern sections of the lake have been applied with the Department of Energy.