Aboitiz-backed solar startup eyes nationwide expansion

MANILA, Philippines — Solviva Energy, a startup backed by Aboitiz Power Corp., is bullish about expanding its footprint outside the National Capital Region (NCR). This strategic move is fueled by new government regulations that have eased the solar rooftop installation process, thereby triggering further growth in demand. The residential solar firm aims to establish its presence in key cities such as Cebu and Davao, capitalizing on the continuing growth of the domestic market. The Philippines has seen a rising interest in renewable energy, with a particular surge in demand for residential solar power systems. The government's regulatory reforms are expected to simplify installation procedures, making it more accessible for a wider range of households and businesses to adopt solar power. This presents a significant market opportunity for companies like Solviva Energy. Solar energy is poised to play a crucial role in the Philippines' energy mix. It offers an attractive solution for areas experiencing power supply instability and for households looking to reduce their electricity bills.