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Aboitiz Group renews sustainable goals pledge


Renewable energy provider SN Aboitiz Power Group (SNAP), the joint venture of SN Power of Norway and Aboitiz Power Corp., has reaffirmed its commitment to powering positive change through economic development, environmental protection, and sustainable practices.

With the global shift toward more sustainable forms of energy, SNAP said it continues to strengthen its position by focusing on how its current programs and operational activities align with its key sustainability priorities.

“Sustainability has always been a part of how we do business. Our goal is to not only ensure the long-term viability of our operations but to also contribute more concretely to the UN’s (United Nations) sustainable development goals,” said SNAP President and Chief Executive Officer Joseph Yu.

Early work activities have been completed and SNAP is looking at the second half of 2024 for the start of commercial operation of SNAP-Magat’s Battery Energy Storage System project, located in Ramon, Isabela. It is an energy storage system with a 20-megawatt capacity (MW) and 20 MW-hour energy storage to be used primarily for ancillary services.

In addition, SNAP is 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. It has proven its technical and commercial viability. Based on the results of the prefeasibility studies, phase one of the project will be for 67 MW.

For its corporate social responsibility, SNAP has continued to partner with its communities in Benguet, Isabela, Ifugao, and Nueva Vizcaya, where it operates hydroelectric power plants.

In 2021, the company deployed P30 million for 56 projects on infrastructure, education, livelihood, indigenous culture, governance, health and the environment in partnership with local government units, host communities, and indigenous peoples’ organizations.

In addition, SNAP has provided approximately P81 million to its hst communities in 2021 as part of the Department of Energy’s ER 1-94 program, which provides host communities of power generating facilities with a one-centavo share for every kilowatt-hour of total electricity sales.

The program normally covers projects for electrification, livelihood, health, reforestation, watershed management, and other environmental initiatives.

Credit belongs to : www.manilatimes.net


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