Shell and Nickel Asia joint venture secures financing for 240 MWp solar project in the Philippines

Type: Financing · Technology: Solar · Country: Philippines · Capacity: 240 MWp · Announced: 2026-04-09

Shell Philippines Exploration B.V. and Nickel Asia Corporation formed a joint venture to develop a 240 MWp solar project in the Philippines, securing financing for construction. The project, located in the Philippines, represents one of the largest solar initiatives in the country's renewable energy push. Shell and Nickel Asia will jointly own and operate the facility, leveraging their respective expertise in energy and mining to ensure project execution. The financing structure includes debt and equity contributions from both partners, with Shell leading the capital deployment. This deal underscores the growing collaboration between energy majors and mining firms to accelerate solar adoption in Southeast Asia. No specific financial terms or timeline for completion were disclosed in the announcement.

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