Aboitiz Power to spend P190B to boost clean energy capacity

Aboitiz Power Corporation on Wednesday said it has allocated some P190 billion to boost its clean energy capacity, as it seeks to raise it to at least half of the company’s total generation portfolio by 2030.

In a filing to the local stock exchange, Aboitiz Power said the spending program aims to grow its clean energy capacity to 4,600 megawatts (MW) from 1,000 MW of ongoing and disclosed clean energy projects.

The company has two solar PV projects in Pangasinan in its pipeline: a 94-MW peak solar power facility in Cayanga, Bulacan set to start commercial operations this year; and a 167-MW peak Laoag solar project in Aguilar next year.

“As we move into 2023, we must maintain and build on this momentum. This year, we are ready to ride the waves of transformation as we leverage digitalization and innovation to improve