176 MW Philippines solar project: Spanish renewable energy company ACCIONA Energia has started construction on its 176 MW Daanbantayan Solar Plant in the Philippines, on the island of Cebu. Located in the Daanbantayan municipality, the project represents close to €120 million in investment. It is projected to come online in late 2026 and generate 280 GWh/year. It will also be accompanied by a battery energy storage system (BESS) to help stabilize the power grid. This is the Spanish company’s maiden solar PV plant in the Philippines, and also the largest solar project under construction in the Visayas archipelago, according to ACCIONA. It says that for the 176 MW project, ACCIONA has signed the country’s ‘1st’ public-private partnership (PPP) agreement in the energy sector, with the provincial government of Cebu.
190 MW project changes hands: Fotowatio Renewable Ventures (FRV) Australia has acquired the 190 MW Axedale Solar and Storage Project in Australia’s Victoria from ACEN Australia. The Axedale project comprises 140 MW AC of solar PV and a 50 MW/100 MWh of BESS capacity. The facility is nearing completion of permitting. In December 2024, it executed a connection agreement with AusNet and AEMO.
Actis acquires 40% stake in Filipino project: Global investor in sustainable infrastructure, Actis has completed the transaction to acquire a 40% stake in Terra Solar Philippines Inc. (MTerra) with MGEN Renewable Energy. Actis completed the deal through its subsidiary, SP New Energy Corporation (SPNEC). MTerra is owned by MGreen, the renewable energy arm of Meralco PowerGen Corp (MGEN). According to Actis, this is the largest foreign direct investment (FDI) in a single project for greenfield infrastructure in the Philippines. MTerra is a 3.5 GW solar and 4.5 GWh BESS project out of which Meralco has contracted power supply from 850 MW for 20 years (see Asia Pacific Solar PV News Snippets: TaiyangNews’ Michael Schmela At RE+ US Manufacturing Conference & More).
Omnidian acquires SSG: Solar Service Guys (SSG), a residential and commercial solar lifetime service provider in Australia, has been acquired by clean energy asset management company Omnidian. SSG will join Ominidian as a fully integrated subsidiary, joining the latter’s Australian arm. This team will combine SSG’s expertise and customer base with that of Omnidian and its AI-enabled analytics, stated the latter. They will deliver comprehensive services and solutions to residential, commercial, and utility-scale solar markets to resolve any asset issues. “This acquisition is a precursor to our continued expansion into new geographies over the next few years, with research in the EU, LATAM, and other markets ongoing,” said Omnidian’s Chief Strategy Officer Raymond Szylko.
5 Sungrow Power solar sites halt generation: Sungrow Power Australia has stopped generating electricity from 5 of its solar farms in Victoria to comply with the order of Energy Safe Victoria. The latter has asked the company to manage the vegetation in and around the projects so as to reduce the potential for bushfires on sites. Operated by its subsidiaries, the Sungrow projects that have been ordered to stop power generation temporarily are located in Raywood, Goornong, Lecourt, Stawell, and Moolort. On February 20, 2025, a fire broke out in the electrical equipment at the Raywood solar farm and spread to the vegetation on site. Sungrow projects under the order went offline at midday on February 22, 2025. They will restart once Energy Safe Victoria says it is satisfied with the vegetation management on site to ensure safety for all.
