Major Filipino power firm AboitizPower is to enter the rooftop solar space via a new business unit.
The new company, called Aboitiz Power Distributed Energy, Inc. (APX), is already looking at completing several key projects in Luzon and Visayas this year.
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The firm first entered the solar power market in 2016 with its large-scale 59MW San Carlos Sun (Sacasun) project in San Carlos City, Negros Occidental. To date, AboitizPower has clean energy capacity of 1,272MW spread across solar, geothermal, run-of-river hydro, and large hydropower facilities.
“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,” said AboitizPower president Antonio Moraza.
AboitizPower is also one of the largest power producers in the Philippines with a portfolio of assets located across the country including fossil fuel-based power plants using coal and oil. The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas, and Mindanao, including the second and third largest private utilities in the country.
While the Philippines utility-scale solar space is still largely held up by regulatory issues, its commercial and industrial rooftop space is said to be thriving.
