AboitizPower is the Philippines’ leading provider of renewable energy, advancing business and communities towards A Better Future.
AboitizPower expands RE portfolio with solar power
July 14, 2016
ABOITIZ Power Corp. continues to expand its renewable energy portfolio to help the Philippine Government fulfill its commitment to the 2015 Paris Climate Change Conference, which called for significant reduction to global greenhouse gas emissions.
“AboitizPower is one of the country’s largest producers of renewable energy. Our Cleanergy portfolio generates 1,263 MW, or close to 40% of our total net sellable capacity,” AboitizPower CEO Erramon I. Aboitiz recently said.
True to its commitment, the company recently inaugurated its 59-MWp San Carlos Sun Power (SaCaSun) solar power plant in San Carlos City, Negros Occidental -- it’s first foray into solar power. The company is also looking at investing in biomass for the first time.
AboitizPower now has 29 hydro, geothermal and solar power generation facilities nationwide. These facilities produce a combined 1,263 MW.
“This represents our commitment to support the government’s push for a balance of renewable and non-renewable power sources to address the country’s increasing energy demand,” Aboitiz added.
By 2017, AboitizPower will add more renewable energy facilities including Hedcor’s 68-MW hydropower project in Manolo Fortich in Bukidnon and SN Aboitiz Power’s (SNAP) 8.
5-MW Maris Canal hydro facility in Isabela.
Hedcor aims to develop up to 200 MW of run-of-river hydropower projects in the next five years while SNAP plans to develop a 350-MW hydropower complex in Ifugao.
AboitizPower is also conducting ongoing exploration for potential geothermal steam wells in Mt. Apo and Zambales. The company is also looking at hydro and geothermal projects in Southeast Asia.
The group’s first major investment in renewables was the development of Hedcor’s run-of-river hydropower plant in Benguet in 1988.
From 2013 to 2015, AboitizPower and its subsidiaries planted 1.
1 million trees all over the country out of the 3.
8 million trees planted by the entire Aboitiz Group for the period. AboitizPower aims to plant 4.
8 million trees in the next five years in areas where it operates.