AboitizPower unveils six new renewables, expands coal plant, targets 7 GW by 2030, invests P78.1B
AboitizPower presented several renewable energy projects and announced plans to expand its coal plant, aiming to reach 9.2 gigawatts (GW) of capacity by 2030.
During an online briefing on Monday, April 28, Danel Aboitiz, AboitizPower's president and CEO, highlighted six renewable energy projects including two solar projects, three battery energy storage systems (BESS), and a wind project.
The company has already started construction for seven energy facilities, with one additional unit of coal under development but specifics undisclosed.
AboitizPower expects to increase its current 1.8 GW of renewable capacity and is setting aside P78.1 billion in capital investment for 2025, primarily allocated for renewables expansion.
The company also expressed interest in participating in the auction for the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex managed by PSALM.
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