Aboitiz Power Corp. is mulling over the listing of renewable energy subsidiary AP Renewables Inc. to raise financing for its RE pipeline portfolio, officials said over the weekend.
Aboitiz Power chief financial officer Liza Luv Montelibano said ARI would open the doors for investors interested in RE. “There are investors today that want pure renewable…They open the door if we do ARI,” Montelibano said.
She said the company has RE operating assets of about 1,100 MW, with another 1,000 MW in the pipeline.
“We know that we have a good renewable portfolio, and we have a pipeline. And there are varied ways to extract value…Whatever will be the right one at a specific point in time is what we will do,” Montelibano said.
She said they could do the initial public offering if the company became “valued so well already.”
