Article

ACWA Power is set to invest $200 million in a renewable energy project in New Clark City, Philippines, aimed at producing clean electricity through advanced solar technology and battery storage. The initiative, covering 500 hectares, aligns with President Ferdinand Marcos Jr.'s sustainable energy vision and was formalized during the World Economic Forum in Davos. The project is supported by the Bases Conversion and Development Authority, which reported significant revenue growth exceeding its targets.