Aboitiz Power Corporation (AboitizPower) expanded its partnership with Emerging Power, Inc. (EPI), the renewable arm of Nickel Asia Corp. (NAC), through its subsidiary Jobin SQM Inc. (JSI), via a power supply agreement (PSA) that will provide solar energy to its retail electricity entities.
“We thank EPI for this partnership that puts AboitizPower’s retail business in a stronger position for growth,” said Sandro Aboitiz, AboitizPower’s Senior Vice President for Commercial Operations. “We also hope to continue strengthening our ties with other industry players to achieve energy security.”
Under the PSA, JSI will provide solar power capacity from its recently completed 100-megawatt (MW) Sta. Rita Solar Power Plant in Subic, Zambales to AboitizPower’s retail electricity companies, Aboitiz Energy Solutions, Inc. (AESI) and Adventenergy Inc., to support the retailers’ growing portfolio.
The partnership between EPI and AboitizPower started in 2020 when the two sealed a deal for EPI to supply power to AboitizPower RES entities AESI and Adventenergy, Inc.
AboitizPower Retail aims to grow its portfolio of renewable energy supply to cater to its customers. Overall, AboitizPower is looking to expand its renewable capacities to 4,600 MW or 50% of its energy portfolio by 2030.