Aboitiz Power Corporation is planning to accomplish three renewable energy projects this year to help strengthen its renewable energy portfolio.
Its 94-megawatt peak (MWp) solar project in Cayanga, Pangasinan is said to begin operations in June, according to a report by the Philippine Star. The construction is 88% complete as of February, with control building, transmission line, switchyard, and PV module installation still ongoing.
Meanwhile, AboitizPower’s 159 MWp solar plant in Laoag, Pangasinan, is halfway completed. It is expected to be tested and commissioned by the third quarter with a 72MWp capacity. The second phase of the project, with an 87-MWp capacity, will be tested and commissioned by the first quarter of 2024.
The Magat Battery Energy Storage System (BESS) project in Isabela, a 24-megawatt (MW) battery energy storage project, is set to start operations in the first half of 2024.
AboitizPower believes that adding an energy storage unit supplements the growth of renewable energy in the country, amplifying the frequency variability in the grid, where a more balanced power supply in the system is needed.
The construction of the BESS project began last year, with the engineering, procurement and construction contract awarded to Hitachi Energy.
AboitizPower had also signed an agreement with Mainstream Renewable Power, a global renewable energy company, to build an onshore wind project in Camarines Sur with a capacity of 90-MW and is expected to start commercial operations in 2025.
Along with these expansions are more projects under the company’s pipeline within the next three years including Calatrava solar project with a 150-MWp capacity, Tarlac solar project with a 44-MWp capacity, 84-MWp San Manuel solar project, 20-MW Hedcor Sablan hydro project, 212-MWp Olongapo solar project, 40-MW Hedcor Bukidnon hydro project, and 75-MWp SN AboitizPower Magat solar project.
AboitizPower is aiming to bring its renewable energy portfolio to a capacity of 4,600 megawatts (MW) by 2030.
As of February, its renewable energy portfolio is at 1,249.17 MW in net sellable capacity, split into solar with 46.80 MW, hydro with 912.37 MW, and geothermal with 290 MW.
The company, alongside its partners, has set aside P32 billion in capital expenditures in 2023 for the development of solar, geothermal, hydro, and wind projects, as well as the continuous improvement of established projects.