Advent Upgrade Solar Inc. (AUSI), a joint venture between Aboitiz Power Distributed Renewables, Inc. and Upgrade Energy Philippines (UGEP), has officially commenced the commercial operations for two solar projects that can help boost the country’s clean energy capacity. With vital financing support from the Bank of the Philippine Islands (BPI), AUSI is now supplying power to Kinpo Electronics (Philippines) Inc. in Lima, Batangas, and providing renewable energy to Balesin Island in Luzon. The milestone highlights AUSI’s renewable energy expansion and reinforces BPI’s proactive role in funding sustainable infrastructure and energy transition efforts in the Philippines. Photo shows key executives from BPI, AboitizPower, and AUSI, represented by UGEP President and AUSI Chairperson Ruth Yu-Owen (sixth from left), BPI Senior Vice President for Institutional Banking Barbara Untalan (seventh from left), Aboitiz Power CFO and AUSI Director Juan Alejandro Aboitiz (seventh from right), witnessed by other executives and representatives from the three organizations during the partnership engagement.
(Manila Standard, 24 February 2026)
