The Aboitiz Power Corporation will be leading a Philippines-Japan Consortium which will explore the development of technologies and an integrated system for potential renewable energy projects in the country.
Through a memorandum of understanding (MOU) signed last February 10, the involved parties will leverage their respective new-generation technologies and expertise in order to optimize RE development in the Philippines and at the same time, contribute to energy cost savings and grid stability.
“With this consortium, the Philippines and Japan can make a significant impact on our transition towards a more sustainable future. Our partnerships represent a powerful alliance that will drive technological innovation and harness the power of renewable energy to create a brighter future for generations to come,” AboitizPower Chairman of the Board Sabin Aboitiz said in a statement.
Other companies that signed into the MOU include Kawasaki Heavy Industries, Amber Kinetics, and IKS Co. Ltd.
AboitizPower added that the consortium may lead to further exploration and expansion beyond the Philippines to other ASEAN countries, Japan and Australia. The consortium believes in making a positive impact on the local and regional energy landscape.
The MOU will serve as a platform for the consortium to work together with their proprietary technologies on different projects that have the potential to transform the RE landscape and drive sustainable economic growth in the Philippines, and throughout the region.
“We are excited to work with Amber Kinetics, IKS and Aboitiz Group, and look forward to working together to deliver advanced technologies that would help the Philippines transition to more renewable energy,” Kawasaki Heavy Industries senior managing executive officer and president of energy solution and marine engineering Tatsuya Watanabe said.
