Facebook Pixel SNAP will have bigger RE capacity by yearend—exec | Business Mirror - newspaper - Lee esta historia en Magzter.com

Intentar ORO - Gratis

SNAP will have bigger RE capacity by yearend—exec

Business Mirror

|

March 18, 2026

SN Aboitiz Power (SNAP), a joint venture between Aboitiz Renewables, Inc. and Norway-based Scatec ASA’s SN Power Philippines Inc., is gearing up to boost its renewable energy (RE) and battery energy storage system (BESS) portfolio as it aims to end 2026 with 729 megawatts (MW).

- By Lenie Lectura X @llectura

At present, SNAP’s total capacity is 673 MW. The additional 56 MW will come from two BESS projects that will be activated within the year. These are the 16-MW Magat BESS 2 in Isabela and the 40-MW Binga BESS 1 in Benguet.

“We should end 2026 at 729 megawatts. We will turn on two battery projects in 2026. So, we have the expansion of the Magat project. We’re expanding it from 24 megawatts to 40 megawatts. And then for Binga, we will turn on... That is a 40-megawatt project. And it should turn on around the middle of the year,” said SNAP President and CEO Joseph Yu.

MÁS HISTORIAS DE Business Mirror

Business Mirror

Govt awards bond offer at higher cost

THE Bureau of the Treasury (BTr) fully awarded its 5-year Treasury bond (T-bond) offering last Tuesday, although at a higher cost for the government, as investors wait for yields to peak further.

time to read

2 mins

May 13, 2026

Business Mirror

ADB inks first 'risk participation agreement' with Security Bank

THE Asian Development Bank (ADB) announced having entered into a deal with the Security Bank Corp. to expand supply chain finance access for local small- and medium-sized enterprises (SMEs) in the country.

time to read

1 mins

May 13, 2026

Business Mirror

GOVT RAMPS UP DIGITALIZATION OF PHL CIVIL REGISTRY SYSTEM

AT least 201 local civil registry offices (LCROs) nationwide have adopted the Administrative Petition for Correction Automated System (Apcas) as the Philippine Statistics Authority (PSA) ramps up efforts to digitalize the processing of corrections in civil registry documents.

time to read

1 mins

May 13, 2026

Business Mirror

mWell expands app's reach

METRO Pacific Health Tech Corp. (DBA mWell PH) announced expanding the reach of its suite of digital health solutions to more hospitals and clinics.

time to read

1 min

May 13, 2026

Business Mirror

PHL rice purchases hit 1.6 MMT in 4 mos

RICE arrivals rose by 18.16 percent year-on-year to over 1.6 million metric tons (MMT) as of end-April, based on latest government data.

time to read

1 mins

May 13, 2026

Business Mirror

No more excuses: Stable rice prices start at home

A REPORT released by the Food and Agriculture Organization of the United Nations (FAO) in August 2002 disclosed that the export price of Vietnam 5 percent broken rice averaged $191 per metric ton (MT). Thailand 25 percent broken rice, meanwhile, sold at an average of $176 per MT. In 2002, the reference basket price of the Organization of Petroleum Exporting Countries (OPEC) was at an average of $24.36 per barrel.

time to read

2 mins

May 13, 2026

Business Mirror

DMCI Homes sets up hospitality arm

DMCI Homes Inc. announced it has created DMCI Hospitality and Leisure Inc. (DMCI HLI) to operate its leisure properties, starting with beach park resort in San Juan, Batangas, which is set to open early next year.

time to read

1 min

May 13, 2026

Business Mirror

PhilHealth set to expand Yakap scheme

THE return of the Philippine Health Insurance Corporation's (PhilHealth) reserve fund will bankroll the expansion in healthcare benefits this year, as benefit payouts are projected to surge to as much as P400 billion.

time to read

1 mins

May 13, 2026

Business Mirror

US agency backs feasibility study on airport in Cavite

THE United States Trade and Development Agency (USTDA) has awarded funding for a feasibility study on the proposed Sangley Point International Airport (SPIA) in Cavite, a project expected to ease congestion at Manila’s main gateway and bolster secure aviation links with the United States.

time to read

2 mins

May 13, 2026

Business Mirror

Argentina upgrade seen opening narrow window for debt sale

ARGENTINA’S latest credit upgrade is fueling bets that the country will get another shot at tapping international markets after missing a window in early 2026.

time to read

3 mins

May 13, 2026

Listen

Translate

Share

-
+

Change font size