The Aurora Pacific Economic Zone and Freeport Authority (APECO) has entered into a USD25-million investment agreement with a Singapore-based renewable energy (RE) company, aiming to advance environmentally-friendly development within investment promotion agencies.
The first phase of the RE project within the Aurora ecozone began when APECO and Pacific Impact Development Pte. Ltd. concluded the agreement in Quezon City. A 25-megawatt solar power farm covering 25 hectares of land will be developed in the first phase. Through this attempt to generate power, excess energy will be added to the grid and supplied to APECO locators.
Taway stressed that APECO’s standing as a center for clean energy initiatives is strengthened by Pacific Impact’s investment in RE development.
The country head of Pacific Impact Philippines, Darwin Deato, reaffirmed the company’s commitment to sustainable development techniques and noted the potential for renewable energy in the area. He pointed to the collaboration with APECO as a move in the direction of utilizing global know-how to maintain strong Environmental, Social, and Governance (ESG) standards.
