Aboitiz Renewables Reaffirms Staunch Pledge To Boost PH Energy Transition

AboitizPower Corporation, through its subsidiary, AP Renewables Inc. (APRI), is firmly supporting the government’s drive for the Philippines' energy transition, with the company’s renewable energy (RE) projects in the pipeline.

Villaroman emphasized the importance of leveraging existing conventional baseload plants to ensure energy security in the medium term, supporting the government's economic growth objectives. I Photo: Aboitiz Renewables Inc. / Graphic: IEMOP Facebook

During the recent Philippine Electric Power Industry Forum 2024 in Iloilo, APRI President Jimmy Villaroman committed to building 4,600 megawatts (MW) of renewable energy capacity by 2030 to contribute to the country's RE push.

Villaroman disclosed that the company's initial expansion phase prioritizes the development of solar and wind plants, aiming for up to 1,200 MW of capacity. Construction is now underway for 218 MW of additional RE projects, with 176 MW expected to come online by the first half of 2024.

In the second phase of expansion, AboitizPower plans to add 1,700 MW of solar and wind power capacity. Villaroman highlighted that this increase in RE capacity will help meet the country's growing energy demands, projected to rise by 6.6 percent annually until 2040.

The government aims for the RE share in the energy mix to reach 50 percent by 2040.

Acknowledging that the transition to clean energy requires careful planning and implementation, Villaroman emphasized the importance of leveraging existing conventional baseload plants to ensure energy security in the medium term, supporting the government's economic growth objectives.

Villaroman also commended the government for implementing policies such as the Renewable Energy Act and the Green Energy Auction Program, which have stimulated the development of clean energy sources and diversified the energy mix, fostering a more sustainable and secure energy future for the Philippines.

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