Aboitiz renewables, Vena energy enter into JV for 102 MW Rizal-Laguna wind power project

Aboitiz renewables, Vena energy enter into JV for 102 MW Rizal-Laguna wind power project

ABOITIZ Renewables Inc. (ARI), the renewable energy subsidiary of Aboitiz Power Corp. (AboitizPower), signed a joint venture agreement with Singapore-based company Vena Energy (Vena Energy), to invest in Vena Energy’s greenfield 102-Megawatt (MW) Wind Power Project in Rizal and Laguna.

The Wind Power Project is expected to reach financial close and commercial operations in 2024 and 2025, respectively.

Through ARI, AboitizPower is moving toward its long-term objective of growing its renewable energy capacity and striking a 50:50 balance between its renewable and thermal portfolios by 2030. (PR)

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