(Bloomberg) -- San Miguel Corp., the Philippines’ largest company, said it will start to operate 690 megawatts of its battery-based energy storage facilities early this year, as it seeks to expand investments in renewables.
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Unit SMC Global Power Holdings Corp. targets to complete this year 31 energy storage facilities with total capacity of 1,000 megawatts, San Miguel said in a stock exchange filing. This will augment the group’s renewable energy portfolio, which includes solar, liquefied natural gas and hydroelectric power plants, it said.
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One of the Philippines’ largest power generators, San Miguel in July said it will drop new coal projects from its expansion plan as it transitions to a low-carbon future.
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