AboitizPower is set to enter the rooftop solar space through a new business unit aimed at further expanding the company’s already significant renewable energy portfolio under its Cleanergy brand.
The new company, called AboitizPower Distributed Energy, Inc. (APX), is already looking at completing several key projects in Luzon and Visayas in 2018, 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 59-MWp San Carlos Sun (Sacasun) project in San Carlos City, Negros Occidental. To date, AboitizPower has 1,272 MW of net sellable capacity, together with its partners, through its Cleanergy brand.
Echoing Moraza, APX General Manager Ping Mendoza said that 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, solar, and hydropower facilities all over the country, helping energize economic opportunities in its host communities while further advancing its business portfolio.
The company is pushing for a balanced mix strategy—maximizing Cleanergy while taking advantage of the reliability and cost-efficiency of thermal power plants.