Norwegian renewable power producer Scatec ASA (<a href="https://live.euronext.com/en/product/equities/no0010715139-xosl" target="_blank">OSL:SCATC</a>) and Philippine power company Aboitiz Power Corp (<a href="https://www.pse.com.ph/company-information-AP/" target="_blank">PSE:AP</a>) are ready to start construction work on 56 MW of joint battery energy storage projects in the Philippines after achieving financial close on the initiatives.