ABOITIZ Renewables, Inc. (ARI), the renewable energy arm of Aboitiz Power Corp. (AboitizPower), has energized its 173-megawatt-peak (MWp) Calatrava Solar Project in Negros Occidental.
“Calatrava is our fifth energized solar facility and the biggest capability so far in AboitizPower’s growing solar generation portfolio,” ARI President James Arnold Villaroman said in an announcement on Thursday.
For the reason that start of the yr, AboitizPower has energized a complete of 512 megawatts (MW) of energy projects. This includes the 159-MWp Laoag Solar and 94-MWp Cayanga-Bugallon Solar energy plants in Pangasinan.
It also activated the 17-MW Tiwi Binary Geothermal Power Plant in Albay, and SN Aboitiz Power’s 24-MW Magat battery energy storage system in Isabela.
The corporate recently switched on the 45-MWp Armenia Solar Project in Tarlac.
“This project (Calatrava Solar Project) wouldn’t be possible without the assistance of the National Grid of Corp. of the Philippines. They’ve helped us energize the power to deliver power through the Calatrava substation,” the corporate said.
At present, AboitizPower has over 1,000 MW of disclosed projects from various indigenous energy sources, while continually pursuing opportunities to grow its portfolio for solar, hydro, geothermal, wind, and energy storage systems.
The corporate has set a goal of expanding its renewable energy capability to 4,600 MW by 2030.
On the local bourse on Thursday, shares in the corporate dropped 0.67% to shut at P37.25 each. — Sheldeen Joy Talavera
