SUPER CHARGER Scatec ignites one of the world’s largest hybrid solar and battery project in South Africa. Scatec has acquired extensive knowledge and experience across the complete life cycle of solar, wind and hydro power plants and storage solutions. —CONTRIBUTED PHOTOS
Renewable energy investments dominated the landscape in the first half of the year with projects in the sector making up the majority of the P950 billion in projects approved by the Board of Investments.
This can be attributed mainly to the clear policy direction that the Marcos administration has set: clean energy will account for 35 percent of the energy mix by 2030 and up to 50 percent by 2040, a far different picture from today where as much as 62 percent of the country’s power requirement is supplied by coal-fired power plants.
Such an ambition has made the Philippines an attractive destination for companies such as Norway-based Scatec, which is…
