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HandPhil Enertex and Lubang Electric Cooperative (Lubelco) signed a memorandum of agreement on January 29, 2026, to develop a 1-megawatt solar photovoltaic project with a battery energy storage system on Lubang Island, Philippines. This initiative aims to reduce the island's reliance on diesel and support the Philippine government's goal of achieving 35% renewable energy by 2030. Full operations are expected to begin within eight months, with HandPhil overseeing development, financing, and long-term management.