Aboitiz Power Corporation (AboitizPower) has secured a PHP20 billion loan from the Land Bank of the Philippines (LandBank) to expand its renewable energy (RE) capacity in the Philippines. The loan will cover expansion and new construction projects.

As of November 2022, AboitizPower had over 1,000 MW of ongoing RE projects in the Philippines including solar, floating solar, hydro and onshore wind projects. By 2030, the company is targeting to increase its RE capacity to 4,600 MW.