Norway, Nov. 6 -- Scatec, a leading renewable energy solutions provider, and its joint venture partner Aboitiz Renewables, have been awarded a 20-year Power Purchase Agreement (PPA) for a 68 MW floating solar project in the Philippines under the Department of Energy's Green Energy Auction Program 4 (GEA 4). The project will be developed through SN Aboitiz Power (SNAP), the companies' joint venture in the Philippines where Scatec owns 50%.The floating solar plant will be located on the Magat reservoir in the Isabela province, where SNAP already operates a 388 MW impoundment hydropower facility, an 8.5 MW run-of-river hydropower facility, and a 24 MW battery storage system (BESS). The project demonstrates the scalability of hybrid renewable e...