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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...