SUMMARY
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Aboitiz Power Corporation is aiming for a balanced energy portfolio by 2030, where 50% are renewable sources, while the other half are traditional thermal sources.
It plans to do so by spending around P190 billion in the next decade.
AboitizPower chief executive officer Manny Rubio, however, believes coal plants will still have a “critical role” in the Philippines’ energy ecosystem in the next two decades.
In a Business Sense interview, Rubio said shifting to renewable energy may also mean using land meant for food production.
“Any land that you convert to house a solar facility, you’re taking out food production…. In the future, that will also be a controversial discussion – balancing energy and food production,” Rubio said.
“But having said that, we’re going to see significant investments coming from renewable energy in the next three to five years.”
Rubio also talked about the possible challenges in energy supply after 2022. – Rappler.com
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