Aboitiz Power Corp. through its clean energy subsidiary ARI, has secured a P20-billion loan from the Landbank to help attain its goal of growing its renewable energy (RE) portfolio to a total of 9,200 megawatts (MW). Know more:
Aboitiz Power Corp. , through its clean energy subsidiary Aboitiz Renewables Inc. , has secured a P20-billion loan from the Land Bank of the Philippines to help attain its goal of growing its renewable energy portfolio to a total of 9,200 megawatts .
“This loan will allow us to continue providing clean and sustainable energy to help meet the growing demand in the country,” Aboitiz Power Chief Renewables Officer James A. Villaroman. The power firm will spend P190 billion within this decade for an additional 3,700 MW of clean energy capacities. As of November 2022, the company has over 1,000 MW of disclosed and ongoing RE projects, which include solar, floating solar, hydro, and onshore wind.
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