AboitizPower expands share in RE space with second solar project

20 May 2021
https://aboitiz.com/aboitizpower-expands-share-in-re-space-with-second-solar-project/

Aboitiz Power Corporation (AboitizPower) is set to expand its share in the renewable energy space, particularly in the business of harnessing energy from the sun, with a 74-megawatt (MW) solar power facility planned for Pangasinan this year.

The solar project, to be built in Cayanga in the town of Bugallon, about 13 kilometers southwest of the provincial capital of Lingayen, recently received board approval and is now in the development stage.

“We are very excited about this because this is another step towards achieving our 10-year strategy with regard to significantly increasing our RE capacity and aiming for a 50:50 balance between our Cleanergy and thermal portfolios,” AboitizPower President and Chief Executive Officer Emmanuel V. Rubio said.

He added that AboitizPower hopes to start project construction within the second half of 2021 and targets commercial operations by the fourth quarter of 2022, further reinforcing its renewable energy portfolio.

“Majority of the solar facility’s capacity will be contracted for retail electricity supply, which we hope can help bring more sustainable energy to homes and businesses in the country,” Rubio added.

This will give contestable customers another option to go green, in line with AboitizPower’s commitment to being an effective partner for progress and driving change for the people today as well as for generations to come.

The Cayanga project will be the company’s second solar power venture after its 59-MW-peak facility in San Carlos City, Negros Occidental, which was inaugurated in 2016.

The Office of Pangasinan Governor Amado Espino III communicated that they fully support the proposed solar project as this reinforces the provincial government’s thrust to transform Pangasinan into the best place to invest, work, live, and raise a family.

“Aboitiz has our full support. We are glad that they have chosen our province and the town of Bugallon as the site for this venture, which will definitely empower our mission of making Pangasinan number one,” Gov. Espino expressed to the AboitizPower team during a recent courtesy visit.

As the largest owner and operator of RE in the Philippines in terms of installed capacity together with its partners, AboitizPower continues to invest in other renewable energy projects such as geothermal, large hydro, and wind facilities across the Philippines.

AboitizPower is committed to supporting the government’s thrust to promote renewable energy in the country and its growth aspirations over the years, as well as backing the global movement for clean energy.

Through this transition, the power company looks forward to driving change for a more sustainable future for the country.