A surge of investment is poised to dramatically reshape the renewable energy landscape of the Philippines. A substantial P10.3 billion has been earmarked for the rapid development of hydropower resources, signaling a significant push towards sustainable power generation.
This ambitious capital expenditure will fuel the construction of four new hydropower facilities, strategically positioned across the key islands of Luzon and Mindanao. The expansion represents a bold acceleration of growth for the renewable energy developer, aiming to bolster power supplies and reduce reliance on traditional sources.
Currently, a P4-billion run-of-river hydropower plant in Bukidnon is nearing completion. Spanning the cities of Valencia and San Fernando, the facility is undergoing rigorous testing and commissioning, preparing to deliver clean energy to the grid.
Once fully operational, this Bukidnon plant is projected to generate an impressive 130 gigawatt-hours of electricity each year. This is enough to sustainably power over 54,000 homes, marking a substantial contribution to the region’s energy needs and representing Repower’s first operational facility in Mindanao.
The Bukidnon project received a significant boost from the company’s 2023 initial public offering, with funds directly allocated to its construction. This demonstrates a clear commitment to utilizing public investment for tangible, environmentally responsible outcomes.
Further expansion is underway with the 4.5-megawatt Piapi hydropower project in Quezon province. Construction is progressing steadily, with commercial operations anticipated by the end of 2027, adding another vital source of renewable energy to the national grid.
The company’s long-term strategy involves a dual approach: developing entirely new “greenfield” projects and strategically acquiring existing hydropower plants. This multifaceted plan aims to solidify its position as a leading force in the Philippine renewable energy sector.
