LISTED energy producer SPC Power Corp. expects to commission two battery energy storage system (BESS) projects with a combined capability of 160 megawatt-hours (MWh) within the second half of the 12 months as a part of its diversification efforts, an organization official said.
“We’re launching BESS projects this 12 months. While they usually are not considered renewable energy, these projects support the renewable energy movement within the industry,” SPC President and Chief Executive Officer James Roy N. Villareal told shareholders last week.
Last 12 months, SPC Island Power Corp., an entirely owned subsidiary of SPC, entered into supply and construction contracts with Beijing HyperStrong Technology Co., Ltd. and China Communications Services Philippines Corp. for its BESS projects in Panay and Bohol.
The corporate tapped as much as P1.6 billion in loans from China Banking Corp. to finance the rollout of the projects.
SPC Chairman Alfredo L. Henares said the corporate can also be targeting to bring online 100 megawatts (MW) of solar energy capability by 2027 and early 2028.
“These investments reflect our belief that the long run of power generation lies in balancing dependable generation assets with flexible, sustainable, and forward-looking energy solutions that support each national energy security and shareholder value creation,” he said last week.
SPC began expanding into renewable energy in 2022 as a part of its efforts to pursue opportunities in recent markets and customer segments across the renewable and non-renewable energy sectors.
The corporate has allotted P3 billion in capital expenditures for the BESS and solar projects under development.
For 2025, SPC reported a 49.8% increase in attributable net income to P2.22 billion, marking the very best earnings in the corporate’s history.
“This achievement reflects not only the resilience of our business model, but in addition the discipline, commitment, and operational excellence of our management team and employees across the organization,” Mr. Henares said.
SPC is primarily engaged in the event and operation of power generating plants, electricity distribution and related facilities. It is usually authorized to sell electricity to end-users.
The corporate goals to expand its capability to 500 MW by 2029. — Sheldeen Joy Talavera