Clean energy
APC Public Relations Assistant Vice President Abbey Thomas said that AboitizPower will continue to invest in renewable energy (RE) assets to complement the country’s vision for a 35% RE share of renewable energy in the power generation mix by 2030.
“AboitizPower will continue to invest in renewable energy assets en route to reaching 4,600 MW. It already has over 1,000 MW of disclosed projects from various indigenous energy sources and is constantly pursuing opportunities to grow its portfolio for solar, hydro, geothermal, wind, and energy storage systems,” Thomas said.
“To date, AboitizPower, together with its partners, offers the most diverse renewable energy types in the Philippines,” he added.
Early this year, President Ferdinand Marcos Jr. commited to ensure the availability of cheap and reliable energy through RE sources.
The Department of Energy said in a press release that the Marcos administration has increased investments in RE projects to meet the target of a 35% RE share 2030 and 50% by 2040.
AboitizPower is one of the largest power producers in the Philippines, with a balanced portfolio of assets located across the country. It is a major producer of renewable energy, with several hydroelectric, geothermal, and solar power generation facilities. It also has thermal power plants in its generation portfolio to support the country’s baseload and peak energy demands. (PIA5/Albay)