AboitizPower enters solar rooftop industry

AboitizPower IPO

Aboitiz Power Corp. will enter the solar rooftop solar industry that will further expand the company’s renewable energy portfolio.

The new business unit, AboitizPower Distributed Energy Inc. (APX) is looking at completing several key projects in Luzon and Visayas this year, with a target to integrate it closely with the company’s existing open access customers.

“We have been in the power industry for more than 80 years. This gives us a wealth of knowledge and technical capability that we can share to our customers who want to go into solar,” AboitizPower President Antonio Moraza said.

AboitizPower’s experience in the power industry becomes the unit’s main differentiator, APX General Manager Ping Mendoza said.

“The positive response from customers affirms our view that distributed energy technology such as rooftop solar complements existing products and services that the AboitizPower group provides,” he said.

Currently, AboitizPower has 1,272 MW of net sellable capacity in its renewable energy portfolio.