Energy giant TotalEnergies has teamed up with Philippines-based renewable energy developer Nextnorth on the development of a 440 MWp solar power plant in Ilagan.
Once operational, the new facility will produce around 13.5 TWh over 20 years, with more than 50% of the energy generated set to be sold under long-term offtake agreements with two retail electricity suppliers, AdventEnergy and PrimeRES. The remainder will be delivered to the national grid.
‘Major solar project’
“We are delighted with our partner Nextnorth to start the construction of this major solar project in the Philippines, thereby contributing to the country’s goal of increasing renewables in its generation energy mix,” commented Olivier Jouny, SVP Renewables at TotalEnergies.
“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.”
The Ilagan project is 65% owned by TotalEnergies, and 35% by Nextnorth, and is set to commence operations by the end of 2027.
It has a total cost of around $300 million, and is financed by three international banks: Sumitomo Mitsui Banking Corporation, ING Bank and Standard Chartered. According to TotalEnergies, it represents the largest international financing for a solar project in the Philippines to date.
‘Never been more relevant’
“Energy security has never been more relevant for the Philippines than it is today,” added Miguel Mapa, president and CEO, Nextnorth.
“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.”
As of April 2026, TotalEnergies boasts nearly 36 GW of gross renewable generation capacity globally, and is aiming to achieve more than 100 TWh of net electricity production by 2030. Read more here.
