SN Aboitiz Power Group (SNAP) is keen on adding three more battery energy storage systems (BESS) in its portfolio.
Joseph Yu, SNAP president and chief executive officer, told reporters in a media event on Monday, the proposed additional BESS have total capacity of 100 megawatts (MW) that will be developed in Magat, Isabela and in Benguet.
Yu said the company is completing design and feasibility studies on the project.
“We have three more projects, almost 100 MW more between Magat and Benguet that we hope to bring to a final investment decision in 2024,” Yu said.
According to Yu, projects of the kind require investing $800,000 to $1 million per megawatt but that the business is looking for ways to optimize and reduce the cost.
“We have a very good team working on it and I’m very optimistic that they should be able to come up with something interesting,” Yu said.
SNAP has completed a 24-megawatt BESS in Magat, Isabela for P1.2 billion that Yu said requires only government approval to fully operate. Such approval is expected soon after Christmas.
SNAP’s other power generation facilities include the 388-megawatt plant on the border of Isabela and Ifugao and the 8.5-megawatt Maris in Isabela which are both hydroelectric plants and a 200-kilowatt floating solar facility also in Isabela.
SNAP is a joint venture between Aboitiz Power Corp. and Norwegian renewable power producer, SCATEC ASA.
