Aboitiz Power Corporation will be developing 721 megawatts (MW) in renewable energy (RE) projects over the next three years as part of its growth strategy for the next decade.
Among the projects included is the 74MW/94-megawatt peak (MWp) Cayanga-Bugallon solar farm in Pangasinan, which aims to begin commercial operations by year’s end, according to AboitizPower President and CEO Emmanuel Rubio.
Rubio added that the company would be able to secure a notice to proceed for its 98MW/160MWp Laoag Solar project in Aguilar town, also in Pangasinan, in a few weeks time. The project was endorsed by the Department of Energy (DOE) to the National Grid Corporation of the Philippines (NGCP) for system impact study (SIS) in the first quarter of 2021.
Other AboitizPower RE projects being developed include the 212MWp PV Sinag Power Olongapo Solar Project, the 150MWp Aboitiz Solar Power Inc. Calatrava Solar Project in Negros Occidental, the 84MWp PV Sinag Power San Manuel Solar Project in Pangasinan, and the 67MW/75MWp SN Aboitiz Power-Magat floating solar project and its nearby 20MW batter energy storage system project in the Magat Dam complex at the Isabela-Ifugao border. The San Manuel project was endorsed by the DOE to NGCP for SIS last February.
Rubio further said that AboitizPower is looking at participating in one of the Manila Electric Company’s (MERALCO) competitive selection processes for power that will be delivered in 2030 using liquefied natural gas (LNG).
The company is also considering the development of an LNG power plant in Naga City, Cebu.
As for AboitizPower’s partnership with Japanese energy firm JERA, Rubio said their projects were in the early development phase, though they intend to eventually shift their baseload focus to gas. JERA owns 25.01% of AboitizPower after investing $1.58 billion in the country’s largest power generating company last year.