Philippine President Ferdinand Marcos and Singaporean Prime Minister Lee Hsien Loong recently signed several letters of intent to help Singaporean companies invest in the Philippines. The plans include the installation of a 1.3GW floating photovoltaic farm on Laguna de Bay, the largest lake in the Philippines.

The project could require an investment of about $1.2 billion, but no further details were provided. The project will begin commercial operations in 2024. Local Philippine developers Blueleaf Energy and Sun Asia said in a statement a few days ago that they will develop the large floating photovoltaic farm in partnership with Green Investment Group, a subsidiary of Australia's Macquarie Asset Management. .

According to a recent study, the Philippine Laguna Lakes Development Authority began considering the installation of floating photovoltaic farms on the lake in 2016, when the first intent process was launched. The research report claims that four pilot PV projects have been developed around the lake, with installed capacities ranging from 10kW to 22kW. Keywords: engineering news, overseas news

The report claims that Laguna de Bay is a multi-use resource, with capture fisheries and aquaculture being its primary uses. So now one of the main considerations is the area allocated for floating PV farms.Editor/XingWentao