Renewable energy provider SN Aboitiz Power Group said it continues to seek opportunities to expand its renewable energy portfolio through battery energy storage system and floating solar.
SNAP-Magat said its 20-megawatt BESS project in Ramon, Isabela is to be used primarily for ancillary services. SNAP said early work activities were completed in line with the target to start commercial operations by the second half of 2024.
SNAP said it was also working on the expansion of the Magat floating solar project. SNAP piloted the 200-kilowatt floating solar over the Magat reservoir in 2019, its first non-hydro renewable project.
The project proved its technical and commercial viability, and based on the results of the pre-feasibility studies, phase one of the project will be for 67 MW.
SNAP president and chief executive Joseph Yu underscored the importance of a sustainability framework to support the company’s present and future operations. “As we pursue more RE projects, we plan to continue our maturity with environment, social and governance or ESG standards,” said Yu.
