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At the launch, seated, from left: Secretary Frederick Go, Office of the Presidential Adviser on Investments and Economic Affairs; Secretary Alfredo Pascual, Department of Trade and Industry; President Ferdinand Marcos Jr.; Secretary Benjamin Abalos Jr., Department of the Interior and Local Government; Secretary Ernesto Perez, Anti-Red Tape Authority. Standing, from left: Rogelio Quevedo, Government Corporate Counsel, Department of Justice; Blueleaf CEO Raghuram Natarajan; SunAsia president and CEO Maria Theresa Capellan; Macquarie Capital senior managing director Oliver Lewis; SunAsia board vice chair Noel Cariño; Blueleaf COO Amiram Roth-Deblon.
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July 16, 2023September 2, 2023Energy, Environment

‘Green lanes’ directive seen to speed up $1.2-B floating solar project

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SunAsia Energy Inc. and its partner and investor Blueleaf Macquarie Capital have been recognized as the first beneficiary of President Ferdinand Marcos Jr.’s Executive Order No.18 “constituting green lanes for strategic investments.”  At the ceremonial launch of the green lanes attended by the President and held at Sofitel Philippine Plaza Manila last July 13, the...

Macquarie to invest $1.2B in Asia’s largest floating solar plant in Laguna Lake
President Marcos Jr. is flanked by Speaker Martin Romualdez (left) and Trade Secretary Alfredo Pascual in a group photo shoot after the signing of a letter of intent for Macquarie Capital to invest $1.2 billion for the floating solar plant in Laguna. Behind them are other officials of the Philippine government, Macquarie Capital and SunAsia Energy, and other foreign investors based in Singapore.
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September 11, 2022September 19, 2023Business, Environment, Featured Stories

Macquarie to invest $1.2B in Asia’s largest floating solar plant in Laguna Lake

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Singapore-based Macquarie Capital has committed to invest at least $1.2 billion in the Philippines to build a 1,300- megawatt (MW) floating solar plant on Laguna Lake, touted to be the biggest of its kind in Asia. The investment firm signed a letter of intent during the state visit of President Ferdinand “Bongbong” Marcos Jr. in...