Berde Renewables, an I Squared Capital portfolio company, has signed a Master Framework Agreement (MFA) with Sungrow Power and its regional distributor Solar Hive to deploy 200 MW of solar capacity and 500 MWh of battery energy storage systems (BESS) across the Philippines and Thailand over the next three years.
Under the agreement, Berde Renewables will procure 200 MW of Sungrow solar inverters and 500 MWh of BESS to support commercial and industrial renewable energy projects in both countries. Solar Hive will provide regional logistics, technical support, spare parts and after-sales services.
The partnership also covers the deployment of EV charging solutions, smart energy technologies, technical training, certification programmes, joint market development initiatives and potential vendor financing and co-investment opportunities.
The projects will be delivered under Berde Renewables’ Power Purchase Agreement (PPA) model, through which the company finances, develops, owns and operates renewable energy assets before transferring ownership to customers at the end of the contract period.