MANILA, Philippines (November 04, 2026) — Aboitiz Power Corp. is set to boost its renewable
energy business through a proposed tie-up with A Brown Co. Inc. for the development of a 191-
megawatt alternating current integrated solar and battery energy facility in Bukidnon.

On Tuesday, the company said its subsidiary Aboitiz Renewables Inc. (ARI) had signed a joint
development and investment agreement to acquire a 60-percent interest in Manolo Fortich Power
Corp. (MFPC).
The transaction value is pegged at about P750 million.
For its planned initial subscription, AboitizPower would subscribe to 3.75 million common
shares priced at P1 each.
Following a hike in MFPC’s authorized capital stock, the group would purchase 74.625 million
redeemable preferred shares, priced at P10 apiece.
“The execution of definitive subscription agreements and issuance of shares to ARI are subject to
the completion [or waiver] of customary closing conditions, including completion of relevant
due diligence for the project, among others,” the firm said.
MFPC is an indirect wholly owned unit of A Brown Co. through ABC Energy Inc.
The company leads the construction of a solar power park equipped with a battery energy storage
system and related interconnecting facilities.
ARI is the renewable energy arm of AboitizPower. Over the past four years, it has boosted its
portfolio with an additional 846 megawatts (MW) through six solar power plants totaling 789
MW, 40 MW of integrated battery energy storage system and a 17-MW geothermal binary plant
in Tiwi, Albay.
At present, it runs 45 renewable energy facilities across the Philippines. More is expected to
come online, with a development pipeline of over 1,000 MW. (Lisbet K. Esmael –
Reporter/INQ)