Aboitiz Power has taken a significant step forward in its renewable energy portfolio by acquiring and energizing a 45-megawatt solar power plant in Armenia. This project marks the company’s first fully owned renewable energy venture outside the Philippines and a major milestone in its international expansion.
Aboitiz Power’s New Solar Plant in Armenia
The ArmPower Solar Plant is located in the Armavir province, approximately 40 kilometers from the nation’s capital, Yerevan. This project is a testament to the Aboitiz Group’s commitment to clean energy.
AboitizPower President and CEO Emmanuel V. Rubio underscored the venture’s significance: “This facility is our first fully owned renewable energy asset outside the Philippines, and it plays a crucial role in our growth ambitions and decarbonization goals. This project aligns with our strategy of expanding our presence in key international markets, particularly those with significant growth potential.”
Developed in partnership with globally recognized solar photovoltaic manufacturer Risen Energy Co., Ltd., the ArmPower Solar Plant features 75,000 solar panels. The facility is projected to generate approximately 80 gigawatt-hours of energy annually—enough to power around 30,000 households. For more insights on this project, visit AboitizPower solar project: 45 MW Breakthrough in Armenia’s Energy.
Armenia: A Key Market for Aboitiz Power
Armenia is a strategic market for Aboitiz Power, which has held a 26.1% interest in the country’s 250-MW combined-cycle gas power plant since 2021. This new solar plant is the latest addition to the company’s international renewable energy portfolio, complementing its 49% stake in Vietnam’s 39-MW Dam Nai Wind Farm.
Aboitiz Power views Armenia as a pivotal market, aiming to support the nation’s energy transition by helping develop a more sustainable energy infrastructure. The company plans to explore further opportunities for expanding its footprint in Armenia and other international markets. For more details on Armenia’s solar initiatives, refer to the Armenia Solar Panel Manufacturing Report.
Aboitiz Power’s Commitment to Renewable Energy Growth
Aboitiz Power is committed to expanding its renewable energy capacity both in the Philippines and internationally. As part of its decarbonization strategy, the company is on track to achieve a 50:50 Cleanergy-to-thermal energy mix by 2030.
Aboitiz Power is expanding its Cleanergy portfolio—which includes diverse sources such as solar, hydro, and geothermal—to meet the rising demand for sustainable energy solutions.
Energizing the ArmPower Solar Plant in Armenia represents a significant step in Aboitiz Power Corp.’s international expansion and its commitment to renewable energy. By investing in Armenia’s energy infrastructure, the company is contributing to the global shift towards cleaner energy sources, in line with its long-term decarbonization objectives. Explore more developments in Armenia’s solar industry at Armenia Solar News Archives.
