Renewable energy solutions provider SN Aboitiz Power Group (SNAP) 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 CEO Joseph Yu and CaRE President and Director Louie Andrew dela Cruz led the virtual ceremonial signing on October 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 COO Berwyn Diño.
Under the agreement, SNAP shall be supplied by CaRE’s Calabanga Solar, a 75-MW photovoltaic facility in Calabanga, Camarines Sur, over the next ten years.
According to SNAP President and CEO Joseph Yu, the partnership with Nexif Energy demonstrates the company’s commitment to providing renewable energy to its customers.
“This is a significant milestone for us. 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.
Nexif Energy Founder and Co-Chief Executive Officer Matthew Bartley, said “Nexif Energy is delighted to enter into this partnership with SNAP on the Calabanga project. We look forward to a long and mutually beneficial relationship. We offer SNAP a competitive advantage in serving its customers in the contestable retail electricity supply market through this innovative power supply agreement. We are pleased to contribute to sustainable economic development in Camarines Sur province and accelerate the RE industry in the Philippines.”
The PSA will be in effect for ten years upon completion of the project by the end of 2022.
SNAP remains committed to its mission of powering positive change by supplying reliable, renewable power and providing innovative energy solutions to its customers.
