Japan’s MUFG Bank has completed new financing transactions with San Miguel Global Power (SMGP) and SN Aboitiz Power Magat Inc. (SN Aboitiz Power), providing bank-backed support for renewable energy projects under the government’s Green Energy Auction programme.
The Aboitiz Group’s Cleanergy 9 Power Inc. has secured clearance to acquire three key hydroelectric plants that play a crucial role in Luzon’s power reserves.
Six years after an aborted bid to enter Vietnam’s energy market, Aboitiz Power Corp. has finally sealed its long-awaited overseas push with a $220-million investment in one of the country’s largest power projects.
Aboitiz Power Corp., through subsidiary East Asia Utilities Corp. (EAUC), has begun construction of a 30-megawatt hybrid Battery Energy Storage System (BESS) inside the Mactan Economic Zone in Lapu-Lapu City, Cebu.
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp’s shelf registration of up to P100 billion in fixed-rate bonds, paving the way for the energy company’s capital-raising efforts.
Energy giants Meralco PowerGen Corp., Aboitiz Power Corp., and San Miguel Global Power Holdings Corp. hailed the Philippine Competition Commission’s approval of their $
Aboitiz Renewables Inc., the renewable energy arm of Aboitiz Power Corp., has energized the 173-megawatt peak Calatrava Solar Project in Negros Occidental, marking a significant addition to the company’s growing renewable energy portfolio.
“The Armenia Solar Project gives Aboitiz Renewables and AboitizPower great pride, being able to contribute our part to the diversification of the Philippine power mix,” ARI president Jimmy Villaroman said.
Aboitiz Power Corp. posted a net income of P27.3 billion for the first nine months of 2024, a 2-percent increase from P26.7 billion in the same period last year.