VinEnergo and SunAsia Energy Partner to Develop Solar-on-Water Projects in the Philippines

Between 2027 and 2028, VinEnergo and SunAsia Energy plan to launch three major solar power projects with a combined capacity of 422 MWp. The projects will be built in Macabebe, Pampanga (181 MWp), Sagay (126 MWp), and Silay (115 MWp) in Negros Occidental.

The partnership aims to provide clean and reliable electricity to the Philippines' national grid while helping the country improve energy security, cut carbon emissions, and support local economic growth. Once completed, the projects are expected to supply electricity to around 278,000 homes and reduce carbon emissions by more than 460,000 tons each year—the same environmental impact as planting about 21 million trees.

Over the next 18 months, VinEnergo and SunAsia Energy will work together on the engineering design and construction of the projects. This includes selecting engineering partners, technology providers, and contractors to install nearly 700,000 solar panels on pile-supported structures and build around 62 kilometers of new transmission lines across Negros and Pampanga.

The projects will use Solar on Stilts technology, where solar panels are installed on raised structures above water. This allows clean energy generation while the water below can still be used for fish farming and other aquaculture activities. The approach makes better use of land and water resources and supports sustainable development. It also reflects VinEnergo's Food-Energy-Water Nexus strategy, which focuses on using natural resources more efficiently while creating long-term benefits for local communities.

Mr. Nguyen Anh Khoa, Chief Executive Officer of VinEnergo, said: "Our partnership with SunAsia Energy on this strategic project portfolio is a clear demonstration of VinEnergo's regional growth ambitions. We are proud to bring forward solutions that combine sustainable energy development with responsible resource utilization. Floating solar not only contributes to addressing energy security challenges, but also provides a valuable opportunity to share Vietnam's development experience in protecting local livelihoods and fostering the parallel growth of the energy and agricultural sectors."

Ms. Tetchi Capellan, Chief Executive Officer and Chairperson of SunAsia Energy Inc., said: "This partnership is driven by the shared commitment of SunAsia Energy and VinEnergo to strengthen energy security, support economic growth, improve people's lives, and help protect the planet. Through the Floating Solar model, we are not only developing renewable energy infrastructure but also creating a framework where food production and clean energy generation can thrive together."

VinEnergo is a Vietnamese energy company that develops and invests in large-scale energy projects to support the shift toward clean and sustainable energy in Vietnam and other countries in the region. The company focuses on innovative solutions that combine renewable energy, reliable power sources, and battery energy storage systems (BESS) to create a cleaner, more stable and dependable energy supply. Through its projects, VinEnergo also aims to deliver long-term economic and social benefits to local communities.

SunAsia Energy Inc. is a Philippine renewable energy company that develops clean energy projects, with a strong focus on solar power. The company specializes in innovative solutions such as floating solar and Solar on Water systems, helping the Philippines increase the use of renewable energy and move toward a cleaner and more sustainable energy future.

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