MANILA, Philippines — SN Aboitiz Power Group (SNAP), the joint venture between Aboitiz Power Corporation and Norwegian firm Scatec, is setting its sights on a significant expansion of its renewable energy (RE) portfolio. The company announced on Monday that it is actively exploring new “green” projects, including battery energy storage systems (BESS) and floating solar installations, to strengthen its commitment to the Philippines’ energy transition.
The move comes as the country seeks to increase the share of renewables in its power mix to 35% by 2030. SNAP, which currently operates major hydroelectric facilities such as the Ambuklao and Binga plants in Benguet and the Magat plant in Isabela/Ifugao, plans to leverage its existing infrastructure to integrate newer, more versatile RE technologies.
“Our mission is to lead the way in sustainable energy solutions,” a SNAP executive stated. “We are moving beyond traditional hydro. By investing in battery storage and floating solar, we can maximize the use of our existing reservoirs and provide more stable, reliable green power to the grid, even during peak demand.”
One of the key projects under evaluation is the expansion of floating solar arrays on its hydroelectric reservoirs. This technology is increasingly popular because it reduces water evaporation and does not require additional land use. Furthermore, SNAP is fast-tracking its BESS projects, which are crucial for “smoothing out” the intermittency issues typically associated with solar and wind energy.
The Aboitiz-backed firm is also looking into potential wind energy sites and hybrid systems that combine different RE sources to create a more resilient energy ecosystem. These initiatives are expected to create hundreds of “green jobs” in host communities and contribute to the overall reduction of the country’s carbon footprint.
Industry analysts note that SNAP’s aggressive expansion aligns with the growing global trend of “hybridization” in the energy sector. By diversifying its portfolio, the company is better positioned to navigate the evolving regulatory landscape and the increasing market demand for clean, ESG-compliant power sources.
As construction and feasibility studies for these new projects progress, SNAP remains a pivotal player in the Philippines’ journey toward a low-carbon future, proving that traditional power giants can successfully pivot toward purely sustainable growth models.
