SN Aboitiz Power Group (SNAP) is taking the next step toward a more diversified renewable energy (RE) portfolio, expanding beyond hydropower through the development of new solar and battery energy storage system (BESS) projects.

SNAP President and CEO Joseph Yu said the company is moving forward with several projects totaling under 300 megawatts (MW). These include an active 40-MW BESS construction project and additional battery facilities with a combined capacity of 100 to 200 MW.

“We’re executing RE projects [such as] Magat battery energy storage system (BESS). We’re also in the middle of building a 40-MW BESS. Then we have another 100 to 200 MW more. We’re trying to expedite these to get the final investment decision,” Yu said in an interview, reported by the Manila Bulletin.

The BESS projects follow SNAP’s recent financing agreements with three major banks, specifically BPI, Chinabank, and BDO, to fund the 16-MW Magat BESS Phase 2 in Isabela and the 40-MW Binga BESS in Benguet. These projects are co-located with SNAP’s existing hydroelectric facilities and are expected to be operational by 2026.

The company began commercial operations of its first energy storage project, the 24-MW Magat BESS, in January 2024. Yu said SNAP aims to reach 80 MW of total battery storage capacity within the next year.

Beyond batteries, SNAP is also preparing to launch solar energy projects. This showcases a shift from being a purely hydro-focused company to one with a more varied RE footprint. “We envisioned not being just a hydro player. So batteries are now taking shape… But the third leg is solar plants, and we intend to help the industry along,” Yu added.

SNAP-Magat Inc. was also among the qualified bidders for the Department of Energy’s fourth Green Energy Auction (GEA-4). An auction which covers solar, onshore wind, and energy storage system projects.

SNAP’s growing battery and solar investments align with the Philippines’ energy transition goals and efforts to increase grid reliability through flexible renewable solutions.

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