Peak Energy has launched a 65MWp solar project in the Philippines, marking a significant step in the country’s renewable energy landscape. Located in Isabela, the greenfield development is expected to generate over 68,000MWh of clean electricity annually, powering approximately 23,000 homes. The project, situated in the Cagayan Valley region, is set to commence commercial operations in the first half of 2027.
This solar initiative is poised to play a crucial role in the Philippines’ green transition, avoiding around 37,000 tonnes of CO₂ emissions each year. Peak Energy aims to engage with key corporates to secure long-term clean power agreements, aligning with the country’s decarbonisation goals.
Gavin Adda, CEO of Peak Energy, emphasised the strategic advantages of the project: “This project illustrates how we approach our regional development: focusing on high-quality sites, securing the fundamentals fast, and ensuring projects meet the expectations of our customers. The Philippines offers a rare combination in Southeast Asia: strong solar potential and a regulatory environment that actively supports renewable energy deployment. These conditions give us confidence that we are delivering meaningful solutions for businesses looking to decarbonise at scale, and that we are well-positioned to continue doing so as demand for reliable clean energy grows.”
The project’s timing is notable, coinciding with a projected decline in coal-fired electricity generation in the Philippines. The Institute for Energy Economics & Financial Analysis anticipates a 5.2% decrease in coal generation in the first half of 2025, marking the first decline since 2008. This shift underscores the growing momentum towards renewable energy in the country’s energy sector.
The development of this solar project could accelerate the Philippines’ transition to cleaner energy, setting a precedent for future renewable investments. As corporates increasingly seek stable, long-term clean power agreements, projects like this could become a blueprint for decarbonising the country’s energy mix. The regulatory support and strong solar potential in the Philippines present a unique opportunity for similar projects, potentially catalysing a broader shift in the Southeast Asian energy landscape.