SPC Power Corporation is intensifying its transition toward sustainable energy, allocating PHP 1.9 billion for its Battery Energy Storage System (BESS) expansion as part of a strategic pivot from traditional power distribution.

The energy firm’s wholly-owned subsidiary, SPC Island Power Corporation (SIPC), officially approved the appropriation in late 2025 to develop storage projects in Bohol and Iloilo. The move follows the signing of PHP 2.4-billion worth of key contracts in October 2025, for a 49.9 MWh facility in Panay and a 30 MWh facility in Tagbilaran City.

To support this ambitious rollout, SPC secured an Omnibus Loan Services Agreement with China Banking Corporation on March 19, 2026, for up to PHP 1.6 billion.

The group’s aggressive foray into battery storage coincides with its complete divestment from the power distribution sector. On September 12, 2024, SPC finalized the sale of its 53.66% direct and indirect ownership in Bohol Light Company, Inc. (BLCI) to Primelectric Holdings, Inc.

The divestment resulted in a PHP 161.8-million gain from the disposal of net assets. Consequently, SPC’s management confirmed that “the distribution of power segment is no longer presented in the segment information of the Group.”.

“Recognizing the global shift toward sustainable energy, SPC is actively transitioning to renewable energy, with several projects already in the pipeline,” the company stated in its latest sustainability report. These initiatives underscore its commitment to “reducing its carbon footprint and contributing to the Philippines’ renewable energy goals”.

Fiscal year 2025 proved to be a record-breaker for the energy player, which reported a consolidated net income attributable to equity holders of the parent surged to PHP 2.22 billion, a significant jump from PHP 1.48 billion in 2024. This performance boosted earnings per share to PHP 1.49, up from PHP 0.99 the previous year, the company disclosed on Monday.

While SPC continues to operate fossil fuel-based units, including the 146.5-MW Panay Diesel Power Plant and the 32-MW Power Barge 104, its new storage assets are positioned as critical stabilizers for the Visayas grid.

Management highlighted that “increased reliance on renewable energy may affect the stability of the grid, particularly in an archipelagic country prone to natural calamities,’ citing battery storage as a vital enabler for the next phase of energy evolution.

As of April 2026, the group is “advancing its evaluation of a promising pipeline of solar projects’ to further diversify its portfolio.

How will SPC Power’s PHP 1.9-billion battery investment reshape energy reliability in the Visayas? Share your thoughts on the group’s shift from power distribution to grid-scale storage in the comments below.

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