{
  "id": 10250175,
  "title": "Aboitiz shines in Jakarta",
  "url": "https://urgent.news/2026/09/27/aboitiz-shines-in-jakarta",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-27T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/09/28/2559324/aboitiz-shines-jakarta"
  },
  "original_language": "en",
  "account": "Jakarta - The Philippine power market's liberalization has placed significant responsibility on the private sector for ensuring the nation's energy future. This task becomes increasingly crucial as the Philippines accelerates its renewable energy development, aims to meet growing electricity demand, and transforms its energy transition from mere policy targets into tangible projects on the ground. Aboitiz Renewables Inc., the renewable energy division of Aboitiz Power Corp., is making notable contributions to this shift, earning recognition for its efforts at the Enlit Asia Power and Energy Awards 2026 held in Indonesia's capital, Jakarta.\n\nAboitiz Renewables was honored with the title of Independent Power Producer of the Year, lauded for its project completions, merger and acquisition activities, and leadership in advancing renewable energy (RE) development across the Philippines. Beyond the accolade, the award serves as a testament to the dedication, innovative mindset, and steady project execution that drives the company's success. Jimmy Villaroman, president of Aboitiz Renewables, expressed gratitude to his team, emphasizing that their passion, innovative spirit, and responsible execution are the driving forces behind the company's achievements.\n\nSince 2022, the company has expanded its renewable energy capacity by adding 846 megawatts (MW) of new capacity, including six solar farms, an RE-integrated battery storage, and a geothermal binary plant. This expansion has more than doubled Aboitiz Renewables' attributable capacity to over two gigawatts, currently, from a mere 900 MW in 2022. The company further solidified its position in February by acquiring the 797-MW Caliraya-Botocan-Kalayaan hydropower complex in Laguna through a government auction.\n\nAboitiz Renewables' momentum continues to soar with four battery energy storage projects moving into construction, and a wind project expected to come online by the end of the year. The company's portfolio now comprises 45 RE facilities nationwide, with a pipeline of over 1,000 MW of solar, hydro, and wind projects in development. In the broader Southeast Asian context, the energy sector is faced with scaling up renewables while maintaining affordable electricity and reliable power supply as demand rises. This challenge, known as the energy trilemma, has taken center stage at this year's Enlit Asia, the leading annual forum for the ASEAN power sector.\n\nThe Philippines, with its ambitious goal of increasing the share of renewables in the power mix to 35% by 2030 and 50% by 2040 compared to the current 25%, faces a critical challenge within this energy trilemma. With only a few years left to reach these targets, the path to achieving them remains uncertain. However, the country's private sector is actively investing and building, laying the groundwork for a future where affordable and reliable electricity becomes a reality for Filipinos. The government's role now shifts to creating sound policies that can translate this progress into the desired energy transformation.",
  "summary": "With the Philippines’ power market liberalized, much of the responsibility for securing the energy future rests with the private sector.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}