ABOITIZPOWER Corp. has confirmed that its subsidiary has partnered with Upgrade Energy Philippines Inc. (Ugep) to pursue solar rooftop projects.
The company’s unit, AboitizPower Distributed Renewables Inc. or APX, has entered into a joint venture agreement with Ugep.
On its website, Ugep said it provides renewable energy and energy efficiency technology solutions to various industries.
It is focused on the development, engineering, procurement and construction of renewable energy projects.
It has committed to developing about 500 megawatts (MW) of utility-scale and 100-MW commercial-scale renewable energy by 2030.
“We will make the required disclosures to the public as and when there are material concrete developments to the Company’s projects,” AboitizPower told the stock exchange. (CSL)