SN Aboitiz Power Advances 40 MW BESS Projects in the Philippines
SN Aboitiz Power has reached financial close for two 40 MW Battery Energy Storage Systems in Binga and Ambuklao. The projects are significant for capital expenditure and job creation in the renewable energy sector.
Theia Market Signal Identification - AI AssistedPublished Apr 11, 2026
SN Aboitiz Power (SNAP) has finalized financing for the construction of two Battery Energy Storage Systems (BESS) with a capacity of 40 MW each, located in Binga and Ambuklao. Financial close was achieved in February 2026, utilizing project debt from existing lenders in the Philippines.
These projects are expected to contribute to job creation and bolster the local renewable energy infrastructure. The emphasis on battery storage aligns with growing energy demands and the shift towards sustainable energy solutions.
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