Aboitiz Power Corp. is gearing up for the construction of its 74-megawatt solar photovoltaic power plant in Pangasinan, which will be partially funded through a P12-billion retail bond issuance planned for this quarter.

Aboitiz Power Corp. has been on a pivot toward renewable energy and away from coal-based electricity generation—even before the Department of Energy (DOE) announced a moratorium on greenfield coal projects—and is now even considering natural gas as an added boost for recovery from the pandemic.

MANILA — AboitizPower Corp. will provide energy services for Light Industry & Science Park (LISP) IV in Malvar, Batangas, one of the latest economic zone projects of Science Park of the Philippines, Inc. (SPPI). In the 25-year service agreement between AboitizPower and SPPI, the former’s distribution utility Malvar Enerzone Corp., will manage the construction, installation, […]

MANILA, Philippines — Aboitiz Power Corp. expects to increase the generation capacity of the Tiwi and MakBan geothermal power plants after the six-year rehabilitation of the steamfield commenced last year. AboitizPower chief operating officer Emmanuel Rubio said rehabilitation in the Tiwi and MakBan Geothermal Complex has already commenced. “We have started looking at rehabilitating some […]

LISTED AboitizPower Corp. and the Lyceum of the Philippines University (LPU)-Davao signed a memorandum of agreement to explore the development of a rooftop solar project within the university. Under the binding accord signed by AboitizPower unit AboitizPower Distributed Renewables Inc. (APX) and LPU-Davao, APX will install, operate and maintain rooftop solar panels with a capacity of […]

The magnitude 7 earthquake that jolted Abra caused power outages in several areas in Northern Luzon, the Department of Energy (DOE) said Wednesday. In its situation report, the DOE said that all power generation plants are on normal operation, except for the Hedcor hydroelectric power plants, namely the Ferdinand L. Singit and Sabangan facilities, which […]

AC Energy Corp. on Thursday reported double-digit growth in its nine-month consolidated net income on the back of continued recovery of electricity demand in Luzon and acquisition of power projects.

Renewables firm AC Energy, a wholly owned subsidiary of Philippines-based industrial firm, Ayala Corporation has announced a further 80MW of solar projects in Vietnam, soon after detailing a 300MW pipeline in the country. AC Energy said that its joint venture with AMI Renewables Energy would include a total of 80MW of PV power plants in […]

March 16 (Renewables Now) – Philippine-based AC Energy Corp (PSE:ACEN) will use debt from HSBC Holdings Plc (LON:HSBA) to partly fund the construction of a 160-MW wind farm in the northern Philippine province of Ilocos Norte.

Philippines’ AC Energy and Hong Kong-based solar developer NEFIN will work on distributed solar projects to work towards carbon neutrality in Asia.