AdventEnergy Inc., the retail electricity supply (RES) arm of Aboitiz Power Corp., said it expects to sign contracts for 50 megawatts to 60 MW of power capacity valued at P1.8 billion next year.
Aboitiz Power first vice president and head of retail James Yu said the agreement was signed in 2024. “So it takes us around 6 to 12 months to deliver a project,” he said.
He said AdventEnergy aims to grow its business by at least 50 MW to 60 MW annually. The company’s biggest client is the SM Group.
He said the company is working with banks for financing as these retail electricity contracts cover 20 to 25 years.
“More and more banks now are really looking forward to working with more RE projects. Most of these are solar projects, some are solar-battery projects. And it’s an opportunity for the customer to transition from a conventional source to their own RE within their facility,” Yu said.
AdventEnergy was created in support of the government’s open access and retail competition (RCOA) where consumers can choose their own electricity supplier.
The company became a one-stop shop for energy solutions and power quality management. It also serves the growing requirement of locators operating inside special economic zones through engineering, consultancy, studies and designs and management of energy.
AdventEnergy gives its partners and customers affordable access to dependable power while meeting the ever-increasing demands of nationwide consumption. These include tailor-fit energy solutions, power quality and efficiency audits and other value-added services.
