AboitizPower readies more renewable energy projects

MANILA, Philippines — Aboitiz Power Corp. is gearing up to energize more renewable energy projects as well as commence construction of new ones for the remainder of the year as part of its growth strategy.

AboitizPower said it is set to complete this month the 94-megawatt (MW) Cayanga-Bugallon solar facility in Pangasinan.

The first phase of the 159-MW Laoag solar facility in Pangasinan consisting of 72-MW peak is likewise seen ready by November.

AboitizPower is also looking to launch by the end of the year the 17-MW Tiwi Binary geothermal power plant in Albay.

The binary plant, which is being developed within the 1.5-hectare of land where the first and oldest geothermal power plant in the Philippines is located, broke ground early this year.

Expected to be operational soon is SN Aboitiz Power (SNAP)’s 24-MW Magat battery energy storage system (BESS) in Isabela.

BESS projects will help provide regulating and contingency reserve power to the country’s grids.

The BESS project at SNAP’s Magat hydroelectric power plant in Ramon, Isabela will be used primarily for ancillary services.

Meanwhile, AboitizPower intends to start construction of two solar power projects by next month.

These are the 173-megawatt (MW) solar power project in Calatrava, Negros Occidental, and a 211-MW solar power project in Olongapo, Zambales.

AboitizPower, through subsidiary AboitizPower Distributed Renewables Inc., is also teaming up with Upgrade Energy Philippines Inc., a  company that offers renewable energy and energy efficiency technology solutions to various industries, to pursue solar rooftop projects in the country.

All these projects are part of AboitizPower’s 10-year growth strategy of adding 3,700 MW of renewable energy to the grid.

AboitizPower currently has a pipeline of close to 1,000 megawatts of disclosed renewable energy projects, including developing wind and solar farms throughout the country, as well as geothermal.

The company is targeting a total of 4,600 MW of clean energy and a 50:50 balance between its renewable and thermal capacities by 2030.