Luzon Island, the Center of Power Demand in the Philippines
Consecutive Orders for Solar Power Following Wind Power
LS: "Leading the Construction of Renewable Infrastructure in Southeast Asia"
LS Eco Energy has completed the supply of power cables to a large-scale solar power complex in the Philippines.
LS Eco Energy announced on the 16th that its Vietnam production subsidiary (LS-VINA) has finished supplying power cables to a large-scale solar power complex in the Philippines.
This is a 346MW-class solar power complex jointly promoted by major Philippine power companies in Zambales Province, western Luzon Island. Following previous wind power orders, LS Eco Energy explained that it is rapidly expanding its presence in the Southeast Asian renewable energy market.
Luzon Island is the center of electricity demand in the Philippines, including the capital Manila, and a strategic hub where energy infrastructure companies are concentrated. In particular, the area around Subic Bay has formed an 'energy import-export port zone,' attracting attention as a key hub for the distribution of renewable energy resources and power grid connections in the future.
Interior view of LS Eco Energy Vietnam manufacturing subsidiary (LS-VINA), provided by LS Eco Energy
This project is one of the core projects of the Philippine government's energy transition policy, 'Build Better More (BBM),' under which the government is actively promoting the advancement of national power infrastructure with the goal of increasing the share of renewable energy generation to over 50% by 2040.
Lee Sang-ho, CEO of LS Eco Energy, stated, "This supply proves that LS Eco Energy is establishing itself as a trusted partner in the Southeast Asian eco-friendly power market," adding, "We will lead the construction of renewable infrastructure across Southeast Asia by using LS-VINA as a base."
LS Eco Energy is accelerating the establishment of a stable local procurement system through cooperation with the Vietnamese government to respond to global supply chain risks such as China's rare earth export controls. It is also speeding up the global expansion of its eco-friendly portfolio, including subsea cables and renewable power grid solutions.
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