Singapore, 30 May, 2022 – Kairos Renewables (Kairos) and Aboitiz Renewables Inc. (ARI), a subsidiary of Aboitiz Power Corporation (AboitizPower), have announced their cooperation on a joint exploration program covering a portfolio of early-stage wind power projects in Vietnam and Indonesia.
“ARI is looking to build a regional development portfolio with nearly 1000 MW of priority projects already identified. Our collaboration with the experienced team at Kairos is a key part of our international expansion strategy and we look forward to expanding our partnership as we look to support the region’s ambitious renewable energy targets ” said David Smith, Executive Director for ARI.
Aaron Daniels, Managing Director for Kairos added, “Kairos is excited to be partnering with Aboitiz Renewables. The region’s demand for clean energy continues to grow and Vietnam has one of the world’s most ambitious plans to make renewables a significant component of its fast-rising requirement for clean and secure energy. We firmly believe this is a great opportunity to leverage our respective capabilities to be a part of meeting those goals.”
About Kairos Renewables
Kairos Renewables originates, develops and invests in utility-scale renewable energy projects. Its business model provides an integrated investment management and technical project delivery solution via a team of 24 professionals operating from offices in Singapore and Bangkok with an active project footprint extending to Vietnam and Philippines.
For more information, please visit: https://kairos-renewables.com/
About AboitizPower
Aboitiz Power Corporation or AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services. It advances business and communities by providing reliable and ample power supply at a reasonable and competitive price, and with the least adverse effects on the environment and host communities.
The company is one of the largest power producers in the Philippines with a balanced portfolio of assets located across the country. It is a major producer of Cleanergy, the company’s brand for clean and renewable energy with several hydroelectric, geothermal, and solar power generation facilities. It also has thermal power plants in its generation portfolio to support the country’s baseload and peak energy demands.
The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas, and Mindanao, including the country’s second and third largest private utilities. AboitizPower, together with its partners, is the Philippines’ largest owner and operator of renewable energy based on installed capacity. In the next 10 years, the company will significantly expand its Cleanergy portfolio in support of the government’s efforts to promote renewable energy in the country. AboitizPower will build an additional 3,700 MW of renewable energy, growing its existing Cleanergy capacity threefold by 2030.