Recently, Blueleaf Energy and SunAsia Energy have won contracts from the Philippine government to build and operate the world's largest offshore solar system project in the Philippines, with a cumulative capacity of 610.5MW.

In a move seen as a milestone in the Philippine energy sector, the Department of Energy issued the first set of solar operating contracts for floating PV projects totaling 1.3GW.

In September 2022, Macquarie's independent portfolio company, Blueleaf Energy, signed a letter of intent to significantly increase its sustainable infrastructure investments in the Philippines.

Blueleaf Energy has teamed up with SunAsia Energy to jointly develop a large-scale floating solar facility on Lake Laguna, which spans the emerging cities of Calamba, Sta. Rosa and Cabuyao, as well as the towns of Bay and Victoria.