Aboitiz Power Corporation's (AboitizPower) subsidiaries, Adventenergy Inc. (ADVENT) and AP Renewables Inc. (APRI) have solidified a significant power supply agreement (PSA) with Nexif Ratch Energy Investments Pte. Ltd. (Nexif Ratch) to usher in a new era of clean solar energy supply.
Photo Insert: Pictured from left to right: AboitizPower's Senior Vice President, Sandro Aboitiz; the President of Calabanga Renewable Energy, Nicolo Subido; and the First Vice President of AboitizPower, James Yu, underscoring their commitment to a sustainable energy future.
The agreement, a milestone in the realm of sustainable energy, stipulates that the power supply will be derived from Nexif Ratch's pioneering 74-megawatt peak (MWp) solar initiative located in the picturesque region of Calabanga, Camarines Sur.
The solar project is set to reach completion by the second quarter of 2024, contributing to a substantial increase in the customer base of both ADVENT and APRI, particularly within the bustling commercial and industrial sectors.
This strategic collaboration reflects the collective commitment of the companies involved to champion the cause of renewable energy (RE) utilization and encourage the adoption of environmentally conscious practices in corporate operations.
James Yu, AboitizPower's First Vice President and Head of Retail, articulated the significance of the partnership, stating, "As an energy retailer, we are resolute in addressing the evolving needs of our clientele. Among these needs is a growing curiosity regarding the origins of their energy sources, as consumers increasingly express their desire to actively engage in the global energy transition."
Yu further emphasized, "In light of these demands, we have undertaken a mission to amplify our RE supply, with strategic alliances such as the one forged with Nexif Ratch.
This endeavor allows us to effectively cater to our customers' aspirations while democratizing access to renewable energy sources for those inclined towards sustainable power alternatives."
ADVENT, heralded as the foremost energy retailer in the nation, distinguishes itself as an energy solutions provider catering to the diverse needs of commercial and industrial clients.
Its range of services encompasses energy audits, cutting-edge smart metering solutions, and an array of energy efficiency and power quality enhancements.
APRI, a trailblazer in geothermal energy production in the Philippines, boasts a dual identity as a preeminent energy retailer. Catering to a wide array of commercial and industrial patrons, APRI stands out as a stalwart generator of pristine, renewable baseload power.
With facilities situated across Tiwi, Albay, as well as the regions of Bay and Calauan in Laguna, and Sto. Tomas in Batangas, APRI's influence in the realm of clean energy is undeniable.
Nexif Ratch, an influential 51:49 joint venture between Nexif Energy and Ratch Group, occupies a pivotal role in this groundbreaking collaboration.
Nexif Energy, renowned for its role as an independent power producer, leverages its expertise in the development, financing, construction, and acquisition of both conventional and renewable power generation assets across South & Southeast Asia and Australia.
Meanwhile, Ratch Group, an affiliate of Thailand's eminent electricity generating authority, garners recognition as the largest independent power producer in Thailand.
With a formidable power generation capacity exceeding 8,000 MW dispersed across key regions such as Thailand, Australia, Laos, China, Indonesia, and Vietnam, Ratch Group embodies a pivotal force in the realm of global energy supply.
This partnership ushers in a new chapter of sustainable progress, fusing the strengths of AboitizPower's retail expertise with Nexif Ratch's prowess in power generation, paving the way for a cleaner, greener energy landscape in the Philippines and beyond.
The completion of the solar project in Calabanga, Camarines Sur, and the subsequent infusion of clean energy into the market will mark a significant stride toward achieving broader renewable energy adoption and reducing the carbon footprint within the region.