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Sustainable energy specialist Kinergy Advancement Bhd (KAB) has signed a supervisory agreement with LCS Holdings Inc. in the Philippines to jointly develop a 20 MWp solar farm project in St. Ilocos Sur, which can be scaled up to 100 MWp in the future.
LCS has obtained all necessary contracts and licenses. The project will provide stable and long-term recurring income for 25 years. The energy will be supplied to retail electricity suppliers or wholesale electricity markets in the Philippines. This marks KAB’s fourth market expansion in Southeast Asia.
(Source: nst Image source: freepik)
