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SN Aboitiz Power Explores Floating Solar Power Plants

by Richie
12/18/2023
in Industry

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SN Aboitiz Power (SNAP), known for its hydroelectric power development, is considering the addition of floating solar power plants to its energy portfolio. Joseph Yu, the company’s president and CEO, shared with reporters that SNAP is planning to construct a floating solar power plant with a capacity of up to 60 megawatts (MW).

The company, a joint venture between Aboitiz Power Corp. and Norway’s Scatec, is currently operating without any floating solar facilities. Its portfolio includes four hydroelectric power plants located across three provinces, boasting an attributable capacity of 201.55 MW. Additionally, SNAP owns a 24-MW battery energy storage system (BESS) in Benguet province.

Yu indicated that the proposed floating solar power plant would also be located in Benguet, allowing for the integration of various renewable technologies into a hybrid power source. This approach is expected to optimize energy production, as solar photovoltaic (PV) capacity is seen as highly complementary to hydro power profiles.

SNAP has announced its intention to develop three more BESS facilities in the coming year. These new installations, with a combined capacity of 100 MW, are part of the company’s strategy to meet increasing power demands. BESS facilities play a crucial role in storing excess energy generated from renewable sources during periods of low demand.

Breaking supply chain news is just a click away at The Supply Chain Report. Enhance your knowledge of international trade at ADAMftd.com with free tools.

#SNAboitizPower #FloatingSolar #RenewableEnergy #HydroelectricPower #BatteryStorage #HybridEnergySolutions #AboitizPower #Scatec #BenguetRenewables #SustainableEnergy #PhilippineEnergy #CleanEnergyInnovation #GreenEnergyPhilippines #BESS

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© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.