Aboitiz Power Corporation and its partners have planned a capital expenditure of P62 billion for 2026. The company is directing most of this budget toward expanding its renewable energy projects and battery energy storage systems (BESS). President and CEO Danel Aboitiz explained in the Company’s President’s Report that these investments are aimed at speeding up the transition to cleaner power sources while still maintaining a stable and reliable grid across its Transition and Distribution business groups.The company’s renewable energy pipeline continues to grow.
One major component is the 639.5 megawatts of projects awarded during the fourth round of the Green Energy Auction conducted in September. Alongside this, another 147 megawatts of renewable energy and BESS projects are already under construction and expected to support the company’s expansion targets.AboitizPower has made significant progress over the past few years. From having less than one gigawatt of attributable net sellable renewable capacity in 2020, the company has doubled this to 2.3 gigawatts as of February 2026.
A key milestone contributing to this growth is the acquisition of the 789-megawatt Caliraya-Botocan-Kalayaan Hydroelectric Power Plant Complex in Laguna. This facility was acquired by a consortium led by Aboitiz Renewables, Inc., the renewable arm of AboitizPower.Meanwhile, priority projects under the Transition Business Group are also advancing. Among them are the 30-megawatt EAUC hybrid BESS in Mactan, Cebu and the 48-megawatt TMI hybrid BESS in Nasipit, Agusan del Norte.
These projects are designed to help strengthen grid stability and support peak demand as more renewable sources come online.During 2025, AboitizPower and its partners deployed P117.7 billion in investments. This amount covered several major commitments, including the company’s 40 percent equity share in Chromite Gas Holdings, Inc., its 64 percent stake in the CBK HEPP complex, and the continued development of its greenfield renewable projects.
Data from the Energy Regulatory Commission indicates that AboitizPower remained the leader in power generation as of July 2025, with a national market share of 23.86 percent. In partnership with various developers, the company also maintains one of the largest renewable energy portfolios in the Philippines based on installed capacity under its operational control.The company also posted strong financial outcomes in 2025. It generated P79.6 billion in beneficial EBITDA, a 9 percent increase from P73.3 billion in 2024.
The improvement was driven by contributions from Chromite Gas Holdings, the commissioning of new solar plants such as the 159-MWp Laoag, 47-MWp Armenia, and 173-MWp Calatrava projects, as well as higher contracted capacity in the latter half of the year. AboitizPower closed 2025 with a core net income of P33.1 billion.
By continuing to invest in a diversified mix of power technologies, AboitizPower supports the Philippines’ long-term energy goals, which aim for renewable energy to make up 35 percent of the power generation mix by 2030 and 50 percent by 2040. The company aims to play a major role in meeting these national targets through sustained expansion and modernization of its renewable energy assets.
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