UK makes crucial investment into overseas solar and wind farms
In the journey to clean energy and net-zero emissions, the UK has announced it is investing in large solar and wind farms in the Philippines. As part of the UK-Philippines renewable energy collaboration, the largest solar wind farm to date will be constructed, along with four new wind farms across the country, which will reach a total of 380 MW. The collaborations were celebrated through two separate events held by the British Embassy in Manila. The development of these solar and wind farms underscores the UK’s commitment to driving sustainable energy solutions across the world and supporting the transition to cleaner, greener power sources. Expanding renewable energy capacity in the Philippines This partnership, backed by an equity investment of $150m, marks a significant step forward in expanding the Philippines’ renewable energy capacity. The solar and wind farms, which secured offtake agreements through the Department of Energy’s Green Energy Auction Program (GEAP), exemplify the potential of partnerships to advance clean energy initiatives. At one of the events, Actis also celebrated the groundbreaking of the Terra Solar …