Plans call for development of the first utility-scale project in 2015.

SunEdison says the arrangement is similar to those it has formed in China and India whereby it leverages its ability to deploy cost effective solar energy solutions to meet the growing needs of developing and emerging power markets.

"It's an ideal partnership," says Ahmad Chatila, chief executive of SunEdison. "AboitizPower has extensive utility-scale experience in the Philippine power market and SunEdison has leading world-class solar technology and deployment capabilities.”