Aboitiz Power Corporation, through its subsidiary, Aboitiz Renewables Inc (APRI) will be building a 90-megawatt (MW) onshore wind facility in Camarines Sur through a joint venture with Mainstream Renewable Power.
“This joint venture marks AboitizPower’s first foray into wind energy and underscores our aspiration to be a strong renewable energy partner,” Aboitiz Power president and CEO Emmanuel Rubio said in a disclosure to the Philippine Stock Exchange.
The project will be located in Libmanan, Camarines Sur. Aboitiz Power said that the project is expected to be a leading contributor to the country’s drive in increasing the utilization of indigenous energy sources like wind and solar.
“The Libmanan onshore wind project with Mainstream, along with future endeavors in the pipeline will help bring us to our goal,” Rubio said.
“The Philippines is one of our priority markets in the region and we are committed to working in partnership with AboitizPower to support the country’s ambitious and commendable target to cut its greenhouse gas emissions by 75% by 2030.” Mainstream CEO Mary Quaney said.