SN Aboitiz Power to Develop 68 MW Floating Solar Project at Magat Reservoir, Philippines
SN Aboitiz Power, a joint venture between Scatec and Aboitiz Renewables, is set to develop a 68 MW floating solar project at the Magat reservoir in Isabela province, Philippines. The initiative, part of the Department of Energy's Green Energy Auction Programme 4, aims for financial closure in 2026, with construction and commercial operations expected to begin in the same year and in 2027, respectively.
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The Magat floating solar project will be developed by SN Aboitiz Power, a joint venture between Scatec and Aboitiz Renewables, at the Magat reservoir in Isabela province, Philippines. The project involves constructing a 68 MW floating solar facility under the Department of Energy's Green Energy Auction Programme 4. Financial close is expected in 2026, with construction commencing the same year and commercial operations targeted for 2027.
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