Renewable energy solutions provider SN Aboitiz Power Group sealed a power supply agreement (PSA) with Nexif Energy, an independent power producer in Asia and Australia, through its solar power company Calabanga Renewable Energy (CaRE).
SNAP Group President and Chief Executive Officer Joseph Yu and CaRE President and Director Louie Andrew dela Cruz led the virtual ceremonial signing on Oct. 8. They were joined by Nexif Energy Founder and Co-CEO Matthew Bartley, CaRE Chairman and Chief Technical Lead Thijs Sablerolle, SNAP-RES CEO Senen Fenomeno, and Chief Operating Officer Berwyn Diño.
Under the agreement, SNAP shall be supplied by CaRE’s Calabanga Solar, a 75-megawatt photovoltaic facility in Calabanga, Camarines Sur, over the next 10 years.
Yu said the partnership with Nexif Energy demonstrates the company’s commitment to providing renewable energy to its customers.
“In addition to being our first long-term PSA, this agreement strengthens our position in providing our customers with responsible energy. The additional power to be supplied by Nexif Energy’s Calabanga Solar will help us sustainably support our growing list of contestable customers,” Yu said.
The PSA will be in effect for 10 years upon completion of the project by the end of 2022. – Press release
