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Bacolod City, Philippines Tuesday, April 3, 2018
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Rooftop solar venture launched

 

AboitizPower, which owns the 69-MWp (megawatt peak) San Carlos Sun project in San Carlos City, Negros Occidental, is set to enter the rooftop solar space through a new business unit aimed at further expanding the company’s renewable energy portfolio under its Cleanergy brand, its press release said.

The new company, called AboitizPower Distributed Energy Inc. (APX), is already looking at completing several key projects in Luzon and the Visayas this year, with a target to integrate it closely with the group’s existing open access customers.

“We have been in the power industry for more than 80 years. This gives us a wealth of knowledge and technical capability that we can share to our customers who want to go into solar,” AboitizPower president Antonio Moraza said.

AboitizPower first entered the solar power market in 2016 with its Sacasun project in Negros Occidental. To date, it has 1,272 MW of net sellable capacity, together with its partners, through its Cleanergy brand, the press release said.

APX general manager Ping Mendoza said their main differentiator is their experience in the power industry.

“The positive response from customers affirms our view that distributed energy technology such as rooftop solar complements existing products and services that the AboitizPower group provides,” he said.

AboitizPower has a wide portfolio of renewable energy plants under Cleanergy, including its geothermal, run-of-river hydro, and large hydropower facilities all over the country, helping energize economic opportunities in its host communities while further advancing its business portfolio.

It is pushing for a balanced mix strategy—maximizing Cleanergy while taking advantage of the reliability and cost-efficiency of thermal power plants, the press release added.*

 

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