Aboitiz Power Corporation (AboitizPower)  is ramping up spending for 2026, setting aside PHP 62 billion to expand its renewable energy and battery storage portfolio as it accelerates its transition strategy.

The investment comes as the company builds on recent capacity gains and positions itself to meet rising electricity demand while managing grid stability.

The company’s near-term pipeline includes 639.5 MW of renewable energy projects secured under the latest Green Energy Auction round.

It also has 147 MW of projects already under construction, covering both renewable generation and battery storage systems.

These projects are expected to support additional supply while improving flexibility in the grid.

“We continue to deploy capital strategically to accelerate our portfolio transition while maintaining grid reliability through our Transition and Distribution business groups,” said AboitizPower President and CEO Danel Aboitiz.

AboitizPower’s expansion reflects a broader shift in its portfolio over the past few years.

From less than one gigawatt in 2020, its attributable net sellable renewable energy capacity has reached 2.3 gigawatts as of February 2026.

This metric refers to the portion of renewable capacity that the company owns and can deliver and sell to the grid, after accounting for ownership share and operational constraints.

A key driver of this growth is the acquisition of the 789-MW Caliraya-Botocan-Kalayaan Hydroelectric Power Plant Complex in Laguna.

The asset strengthens AboitizPower’s position in baseload renewable generation and complements its growing solar portfolio.

At the same time, the company is expanding its battery energy storage footprint.

Projects under its Transition Business Group include a 30-MW hybrid BESS facility in Mactan, Cebu and a 48-MW hybrid BESS project in Nasipit, Agusan del Norte.

Battery storage systems play a critical role in stabilizing the grid, especially as more intermittent renewable energy sources come online.

They provide fast-response support that helps balance supply and demand in real time.

The company’s investment momentum was already evident in 2025.

AboitizPower and its partners deployed PHP 117.7 billion in capital investments, covering acquisitions, equity stakes, and new project development.

This includes its 40% interest in Chromite Gas Holdings, Inc. and its 64% stake in the CBK hydro complex, along with continued investments in renewable energy.

New solar projects in Laoag, Armenia, and Calatrava also contributed to capacity expansion and higher contracted output.

These additions supported the company’s financial performance for the year.

AboitizPower reported PHP 79.6 billion in EBITDA for 2025, up 9% from the previous year.

Core net income reached PHP 33.1 billion, reflecting contributions from new assets and stronger capacity utilization.

Based on data from the Energy Regulatory Commission, the company remains the largest power generator in the Philippines, with a 23.86% market share.

Its scale and diversified portfolio position it to support the country’s long-term energy transition.

The Philippines is targeting 35% renewable energy share by 2030 and 50% by 2040.

AboitizPower’s continued investments in solar, hydro, and battery storage aim to contribute to these goals while ensuring stable electricity supply.

As more renewable capacity enters the system, the company’s focus on hybrid solutions and storage will be critical in maintaining grid reliability.

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