Listed holding firm AbaCore Capital Holdings, Inc. (ABA), through its subsidiary, Simlong Energy Development Corp. (SEDC), is eyeing to explore wind power potential in Batangas through an extended partnership with state-run Philippine National Oil Company (PNOC).
In a stock exchange report on Tuesday, the company said the plan supports its push to develop an onshore wind energy hub under its ABA Energy Hub strategy.
“The amended agreement is an incremental step that aligns our agreement with PNOC on the realities of conducting a comprehensive wind resource study,” ABA and SEDC Chairman Atty. Antonio Victoriano F. Gregorio III said.
“Developments will follow the technical findings and viability assessments from the PNOC study.”
Originally signed in September 2025, the agreement tasked SEDC and PNOC with evaluating and potentially developing a wind energy facility on SEDC’s 142-hectare property in Simlong, Batangas City.
Under the amended terms, PNOC will continue to lead wind resource assessments, geo-spatial studies, mapping, techno-economic analysis, and forecasting, with the study period extended from 15 to 18 months to allow for more thorough data collection.
The revised MOA also prolongs its effectivity until 29 February 2028, unless both parties agree to amend or terminate it earlier.
Batangas remains a strategic location for renewable energy, given its growing role as a hub for trade, logistics, and power generation—making it an ideal site for ABA’s long-term energy ambitions.