AboitizPower and SunEdison Award EPC Contract to Nari Group for 59-MWp Negros Solar Farm

November 17, 2015

San Carlos City, Philippines - Aboitiz Power Corp. (AboitizPower) and SunEdison have awarded the Engineering, Procurement and Construction (EPC) contract for their first joint solar power project to be located near San Carlos City, Negros Occidental in the Philippines.

The EPC contractor, Nari Group Corporation, will undertake the construction of the Php 3.

5-billion, 59-MWp Negros Solar Energy Project. They have successfully completed more than 30 projects in the Philippines.

The Negros Solar Energy Project is set for commercial operations in the first quarter of 2016 and will be one of the largest solar power projects in the Philippines to date.

“This project is in support of the call by the government to maximize the renewable energy potential of the country. AboitizPower is one of the biggest renewable energy producers in the country and we will continue to expand this capacity. This project is a testament to that commitment,” Antonio Moraza, AboitizPower President and COO said.

“AboitizPower will continue to pursue the right mix of energy sources to ensure reliability and a reasonable cost of power to the end consumers,” Moraza added.

In November 2014, AboitizPower and SunEdison announced a joint framework agreement to explore, develop, construct, and operate up to 300 MW of utility-scale solar in the Philippines over the next three years.

To date, AboitizPower and its partners produce a total of 3,044 MW of power, 40-percent of which are coming from its Cleanergy portfolio made up of hydro and geothermal power plants.


About AboitizPower

AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services. The company is one of the largest power producers in the Philippines with a right-mix portfolio of assets located across the country. It is a major producer of Cleanergy, its brand for clean and renewable energy with several hydroelectric and geothermal assets. It also has various fossil-fired power plants in its generation portfolio. The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao, including the second and third largest private utilities in the country. To learn more about AboitizPower, visit www.



About SunEdison

SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are in the United States with additional offices and technology manufacturing around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE.

" To learn more, visit www.