SM Prime Holdings Inc., one of the leading property developers in Southeast Asia, signed a long-term clean energy supply deal with Aboitiz Power Corp. in August 2022 to power its malls and other properties.
SM Prime is also a key player in the SM Green Movement that aims to improve the quality of life of communities through sustainable solutions to promote a green planet, green living, and a green culture.Aboitiz Power said that in the Visayas, its retail electricity supply company Advent Energy Inc. won contracts to supply renewable power under the Department of Energy’s Green Energy Option Program.
NKC president Norihiko Matsuda said using reliable and responsibly-sourced energy is essential in their business operations. “We support the GEOP initiative of the DOE as it gives customers the freedom to choose renewable energy in meeting their energy requirements and their own energy supplier,” said Aboitiz Power senior vice president for commercial operations Sandro Aboitiz.
Geothermal energy can provide uninterrupted, year-round baseload power and hardly emits carbon dioxide. GUUN’s Philippine branch in Consolacion, Cebu produces 8,000 tons of fluff fuel annually, an alternative fuel from waste plastics and residual waste used in cement plants as a substitute for coal. This type of recycling entails huge electricity that primarily contributes to carbon dioxide emissions because it is usually sourced from coal.
EDC is First Gen’s 100-percent renewable energy subsidiary that has over 1,480 MW of installed capacity and accounts for 20 percent of the country’s total installed RE capacity. Its 1,185.40-MW geothermal portfolio accounts for 62 percent of the country’s total installed geothermal capacity, making the Philippines the third largest geothermal producer in the world.TDK Philippines Corp. also sourced renewable power from EDC to power its entire manufacturing plant in Laguna province.
“We are proud to source our power from 100-percent renewable energy. Sustainability for our company is about preserving our world and its people. We all depend on just one planet. The smart and sustainable use of natural resources to reduce our environmental footprint is necessary now more than ever. This latest initiative complements our other sustainable projects in the Philippines,” said Mondelez Philippines plant lead Atul Kulkarni.
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