SN AboitizPower reaches financial close for 80-MW battery energy storage

February 09, 2026

SN AboitizPower reaches financial close for 80-MW battery energy storage

An illustration of the 40-megawatt battery energy storage system (BESS) phase 2 at the Binga Hydroelectric Power Plant in Benguet.



SN Aboitiz Power (SNAP), a joint venture between Aboitiz Renewables, Inc. and Scatec ASA, has reached financial close on February 3, 2026 and is preparing to begin development of two new battery energy storage system (BESS) projects in Benguet totaling 80 megawatts (MW). 

The projects include a 40-MW BESS at the Binga Hydroelectric Power Plant (Phase 2) and a 40-MW BESS at the Ambuklao Hydroelectric Power Plant. Both systems will be co-located with SNAP’s existing hydro facilities and are designed to provide ancillary services to the Luzon grid through the reserves market.

The new capacity builds on SNAP’s growing energy storage portfolio, including the 24-MW BESS at the Magat Hydroelectric Power Plant, which has been delivering ancillary services since 2024. SNAP also has additional BESS capacity under development—40 MW at Binga and 16 MW at Magat—scheduled to begin commercial operations later this year. Once completed, SNAP’s total BESS capacity in operation and under construction will reach 160 MW.

Battery energy storage plays a critical role in supporting grid stability, providing fast-response services that help manage real-time frequency fluctuations, and enabling the integration of variable renewable energy sources. As the Philippines continues to scale up renewable energy under its energy transition goals, the need for flexible and reliable ancillary services is expected to grow.

Through continued investments in hydro, battery energy storage, and other renewable technologies, Aboitiz Renewables and SNAP are advancing a more resilient and flexible portfolio that supports long-term energy security and sustainability.

Aboitiz Renewables is the renewable energy arm of Aboitiz Power Corporation. 

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