Norwegian company Scatec ASA has announced plans to expand its renewable energy investments in the Philippines, primarily in the area of solar, wind, hydro and battery energy storage system (BESS) installations.
During the groundbreaking rites of the SN Aboitiz Power (SNAP) 20-megawatt BESS project, a joint venture between Scatec and Aboitiz Power Corporation, Scatec’s General Manager for Southeast Asia, Torbjorn Kirkeby-Garstad, said “We plan to invest large sums of money in solar, floating solar, hydro, battery and wind.
For wind companies, in particular, he pointed out that one area of interest to them would be offshore wind installations, “which we believe will be a game-changer when it comes to large-scale renewables here in the Philippines.”
Kirkeby-Garstad added “we are aiming to develop an incredible 15 gigawatts by 2025 all over the world. And the Philippines is a very, very important market for us.
Norway’s Ambassador to the Philippines, Bjørn Jahnsen, also noted that “RE is Norway’s most important area of collaboration”, stating that “Scatec, the successor to SN Power, represents Norway’s largest investment in hydropower outside of Norway, and probably Norway’s largest in Asia globally.”
Scatec’s (formerly SN Power) investment entry point into the Philippine power market was through its partnership with Aboitiz Power 15 years ago – and the main focus then had been the acquisition of the facilities Ambuklao-Binga and Magat hydroelectric plants during their privatization. by the state-owned Power Sector Assets and Liabilities Management Corporation.
“Over the past 15 years, Scatec has been at the forefront of solar developments and investments in hydropower markets. And today we have been involved in a leading supplier of solar, wind and with Magat, hydroelectric energy, ”underlined the leader of the Norwegian company.
For the new BESS project that SNAP is pursuing to be integrated with its Magat hydroelectric plant in Isabela province, Kirkeby-Garstad stressed that the company “will be a big contributor to the ancillary services market here in the Philippines.” The BESS facility is targeted for commercial operations during the first quarter of 2024.
Energy Secretary Alfonso G. Cusi, who graced the BESS corporate groundbreaking ceremony, asserted “what you are doing here is unprecedented in the energy industry…having integrated sources of solar and hydraulic renewable energy, show[s] how you effectively maximize resource utilization. »
The energy chief stressed that BESS would be an important anchor in the Philippines’ quest for “energy security and reliability”, as it is the coupling technology that will cushion the impact of intermittent generation from RE technologies.
And as the country moves forward with its energy transition program – which will be put forward by achieving the target share of 35% renewables in the energy mix by 2040, Cusi explained that “what the government is doing, it’s really encouraging investment in the different sectors”.
According to SNAP Chairman and CEO Joseph Yu, “There are new, innovative and complementary technologies that will help facilitate the country’s energy transition. This is where SNAP can help again. We are enthusiastic and optimistic about new paths [the Magat BESS project] opens up to us. »
Rodolfo Indorte, Managing Director of Hitachi Energy Philippines, which is the engineering, procurement and construction (EPC) contractor for the SNAP BESS project, said, “As the region propels itself towards economic growth, we see ourselves as partners to advance a sustainable energy future for everything.”
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