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Terra Solar Philippines – a subsidiary of SP New Energy Corporation, which is also on the archipelago – announced a series of work contracts for what will be a US$3. . A major milestone has been reached in Southeast Asia's cross-border renewable energy ambitions, as China's Contemporary Amperex Technology Ltd. (CATL) secured a framework agreement to provide 2. 2GWh of battery energy storage systems (BESS) for the landmark Vanda Solar & Battery Project. The. . On March 13, Thailand's Board of Investment (BOI) announced that it approved Sunwoda (SZ:300207) Sunwoda (SZ:) to invest more than 50 billion baht (about 10. 8 billion yuan) to build a battery production facility in Thailand. According to reports, Sunwoda will build two factories in Chonburi. . The Chinese battery manufacturer says it will be making more than $1 billion worth of investments into battery cell factories in Thailand, following approval from public authorities. The $4 billion initiative, located in Nueva Ecija and Bulacan, aims to meet growing energy demands while reducing carbon emissions.