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SN Aboitiz Power, a joint venture between Scatec and Aboitiz Renewables, is set to develop a 68 MW floating solar project at the Magat reservoir in Isabela province, Philippines. The initiative, part of the Department of Energy's Green Energy Auction Programme 4, aims for financial closure in 2026, with construction and commercial operations expected to begin in the same year and in 2027, respectively.