{"id":330960,"date":"2024-12-18T22:42:26","date_gmt":"2024-12-18T14:42:26","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330960"},"modified":"2024-12-18T22:42:28","modified_gmt":"2024-12-18T14:42:28","slug":"trade-the-news-ap-turns-on-173-mw-calatrava-solar-project","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ap-turns-on-173-mw-calatrava-solar-project\/","title":{"rendered":"Trade the News: AP turns on 173 MW Calatrava Solar Project"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Aboitiz Power Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>AP<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 50.99<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Aboitiz Renewables Inc. (ARI), the renewable energy arm of Aboitiz Power Corporation (AP), has activated the 173 megawatt peak (MWp) Calatrava Solar Project in Negros Occidental in the Philippines.<\/p>\n\n\n\n

\u201cCalatrava is our fifth energized solar facility and the largest capacity thus far in AboitizPower\u2019s growing solar generation portfolio,\u201d said ARI President Jimmy Villaroman.<\/p>\n\n\n\n

AboitizPower has commissioned 512 megawatts (MW) of energy projects, including the recent 45 MW Armenia Solar Plant in Tarlac. <\/p>\n\n\n\n

It has also energised the 159-MWp Laoag Solar and 94-MWp Cayanga-Bugallon Solar power plants in Pangasinan, the 17-MW Tiwi Binary Geothermal Power Plant in Albay, and SN Aboitiz Power\u2019s 24-MW Magat battery energy storage system (BESS) in Isabela.<\/p>\n\n\n\n

Currently, AboitizPower has over 1,000 MW of disclosed projects from various energy sources. It also has investment in thermal power plants to support the Philippines\u2019 baseload and peak energy demands.<\/p>\n\n\n\n

This brings the company on track with its goal of building 3,600 MW of new renewable energy capacity en route to a balanced generation portfolio of 9,200 MW, composed of at least 50% renewable energy capacities by 2030.<\/p>\n\n\n\n

(News Source: Asian Power<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330960","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330960"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330960\/revisions"}],"predecessor-version":[{"id":330962,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330960\/revisions\/330962"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}