Aboitiz Power Corp. and its partners have earmarked Php 78.1 billion in capital expenditures for 2025, with 66% dedicated to renewable energy projects. The investment aligns with the company’s goal of expanding its clean energy portfolio to 4,600 megawatts (MW), reinforcing its commitment to sustainable power generation.
The 2025 capex allocation mirrors last year’s trend, where 72% of AboitizPower’s Php 73 billion investment was focused on renewable energy. The company remains bullish about its prospects, expecting an increase in net income and earnings before interest, taxes, depreciation, and amortization (EBITDA) this year.
AboitizPower President Danel Aboitiz acknowledged that lower spot market prices, which began declining in late 2024 and continued into early 2025, will influence the company’s outlook. However, he emphasized that from a national perspective, lower rates indicate that supply growth is outpacing demand expansion, which he views as a positive development.
“Demand growth has been slower than expected in the first quarter. But on the flip side, we have a number of new projects coming in,” Aboitiz said. “We’ve been able to contract a good portion of our portfolio to shield us down from those low WESM prices. So AP should be okay.”
The company anticipates long-term growth, with several major projects set to come online beyond 2025. Among these is the 100 MW expansion of Davao Light, which is expected to be completed by next year. AboitizPower has also finalized a natural gas joint venture with San Miguel Corp. and Meralco, which was closed in January 2025, and is already contributing to the company’s earnings.
As AboitizPower continues to strengthen its renewable energy investments, its long-gestation projects are expected to further solidify its position as a major player in the country’s energy transition.
How do you see AboitizPower’s investment shaping the country’s energy future? Share your thoughts in the comments! Follow us for more updates on the latest energy developments.
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