Levanta wins 166 MWp solar-storage bid in Visayas

Levanta Renewables has secured rights to develop a 166-megawatt-peak solar and battery energy storage project in the Visayas, following the Philippines’ Fourth Green Energy Auction.

The Singapore-based renewable energy company, backed by global investor Actis, will build the hybrid facility on approximately 155 hectares, integrating a ground-mounted solar farm with a 175 MWAC Battery Energy Storage System.

Valued at around PHP 5 billion, the project marks a significant investment in the Philippines’ clean energy sector and reinforces Levanta’s growing presence in Southeast Asia.

Once operational, the facility is expected to achieve an average capacity factor of 43%, reducing over 200,000 tons of CO₂ emissions each year.

It will also generate local economic benefits through job creation, government revenues, and community programs under the Department of Energy’s ER 1-94 scheme.

“Securing the solar and storage power project in the Visayas is a major milestone for Levanta as we scale our presence in the Philippines,” said Levanta Renewables Chief Executive Officer Pramod Singh.

“This project underscores our commitment to enabling Southeast Asia’s energy transition through high-impact partnerships and commercially viable clean energy solutions,” Singh added.

Chief Investment Officer Pankaj Sakhuja said the addition of battery storage improves project value while contributing to national energy goals.

“The integration of battery storage enhances the project’s value, while contributing to the country’s broader decarbonisation and energy security goals,” Sakhuja said.

Ravi Chandran, head of Levanta’s Philippines Task Force, emphasized the collaborative effort behind the development.

“The successful securing of this project is the result of strong coordination with our partners, government agencies, and local stakeholders,” Chandran said.

“We are focused on delivering this project to the highest standards while creating tangible benefits for the community and the broader region,” he added.

The project aligns with the Philippine government’s aim to achieve a 35% renewable energy share by 2030, with more clean energy capacity expected over the next six years.

In 2024, Levanta entered the Philippine wind market through a joint venture with Citicore Renewable Energy Corporation to develop a 375 MW onshore wind portfolio across Luzon and Visayas.

These four wind projects, awarded through the Department of Energy’s Green Energy Auction Program, support Levanta’s goal of reaching 1.5 gigawatts of operating capacity in Southeast Asia by 2028.

Founded in Singapore, Levanta Renewables operates across Thailand, Malaysia, Vietnam, and the Philippines, overseeing all phases of project development, financing, and operations.

Actis, Levanta’s parent investor, focuses on sustainable infrastructure in emerging markets and manages about USD 114 billion in assets after merging with General Atlantic in 2024.