TotalEnergies has partnered with Nextnorth, a Philippines-based renewable energy developer, to build a 440 MWp solar power plant. In a press release, TotalEnergies announced the start of construction of the project in the City of Ilagan, Province of Isabela.
The project, owned by TotalEnergies (65%) and Nextnorth (35%), is expected to be operational by the end of 2027. The companies have also achieved financial close and commenced construction of the 440 MWp solar power plant. Located in the City of Ilagan, Province of Isabela, the project—owned by TotalEnergies (65%) and Nextnorth (35%)—is scheduled to be operational by the end of 2027.
Once operational, the project will produce 13.5 TWh over 20 years. More than 50% of the project’s electricity will be sold under long-term offtake agreements with two Retail Electricity Suppliers, AdventEnergy and PrimeRES, supplying commercial and industrial users seeking to decarbonise their operations. The remaining production will be sold to the national grid under its award in Round 4 of the Philippines Government’s Green Energy Auction Program.
With a total cost of approximately $300 million, the project is being financed by three international banks: Sumitomo Mitsui Banking Corporation (SMBC), ING Bank N.V. (ING), and Standard Chartered (SCB). It is the largest international financing for a solar project in the Philippines to date.
The Philippines’ Department of Energy (DOE) under its long-term Green Energy Auction (GEA) pipeline plans to add at least 25 GW of renewable capacity through annual competitive bidding rounds until 2035. Under its plans it aims to conduct the next four auction rounds — GEA-6 to GEA-9 in 2026 and 2027, covering a wide range of technologies.
Leadership View
On the latest project commissioning, Olivier Jouny, SVP Renewables at TotalEnergies said, “We are delighted with our partner Nextnorth to start the construction of this major solar project in Philippines, thereby contributing to the country’s goal of increasing renewables in its generation energy mix. These 440 MW will contribute to the 9 GW renewables portfolio that we are combining with Masdar through a 50/50 joint venture across nine Asian countries,”
“Energy security has never been more relevant for the Philippines than it is today. With rising demand and continued exposure to imported fuels, the country needs domestic, scalable, and bankable renewable capacity. Working alongside TotalEnergies, we are delivering clean, reliable power that supports communities, creates jobs, and advances the Philippines’ transition toward a more energy independent future,” said Miguel Mapa, President and CEO, Nextnorth.
