SPC Power Allocates P3 Billion for Renewable Energy Projects in 2026
SPC Power Corp. has earmarked P3 billion for capital expenditures in 2026, focusing on battery energy storage and solar projects. This funding strategy follows a significant financial year in 2025, where the company's comprehensive income reached P2.223 billion, a 43% increase from the previous year.
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SPC Power Corp. plans to invest P3 billion in capital expenditures for 2026 to enhance its renewable energy portfolio through battery energy storage and solar projects. Following a successful 2025, which saw a record comprehensive income of P2.223 billion, the company aims to deploy 160 megawatt hours of battery capacity into the grid by late 2026.
Additionally, a 100-megawatt solar project is projected to commence operations in 2027-2028. The company also reported a rise in operational efficiency, with plant availability increasing to 96.4%. SPC Power's long-term strategy includes adding 500 megawatts of new capacity. These initiatives reflect a commitment to sustainable energy amid market fluctuations.
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