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Filinvest switches 11 facilities to renewable energy
Filinvest switches 11 facilities to renewable energy
Filinvest, IEMOP, and Meralco executives pose for a group photo during the ceremonial switching event. In the photo are (from left to right) Filinvest Malls FVP & Retail Business Unit Head Mitch Dumlao, Filinvest REIT Corp. President and CEO Maricel Brion-Lirio, FDC RES President Roderick Fernandez, IEMOP COO Robinson Descanso, Meralco SAVP and Head of Commercial Operations Juan Paolo Cruz, and Meralco SAVP and Head of Competitive Market Group Sheryl Castro.
Filinvest Group is advancing the government’s power aggregation program by shifting 11 of its facilities to renewable energy, a move that was recognized by the Energy Regulatory Commission (ERC).
The shift was undertaken by Filinvest’s licensed retail electricity supplier, FDC Retail Electricity Sales Corp. (FDC RES), which enrolled four properties under the Retail Aggregation Program (RAP) and seven under the Green Energy Option Program (GEOP). Together, the facilities represent a contracted demand of over 3,000 kilowatts.
FDC RES President Roderick Z. Fernandez said this is the company’s first switch under the expanded RAP, with over 1,000-kilowatt (kW) aggregated, allowing its facilities to access market-based electricity rates and secure cleaner, more cost-effective power.
ERC Chairperson Francis Saturnino Juan praised FDC RES for being at the forefront of these innovations in the power industry, noting that the agency works to make energy supply more affordable and reliable for Filipinos.
The newly switched buildings, located in Filinvest City Alabang, Makati, Ortigas, and Quezon City, include Westgate, The Tent, Riverpark, Filinvest Shoppes, One Filinvest, and Studio 7.
Filinvest Malls FVP Mitch Dumlao said the transition strengthens the company’s commitment to sustainability, lowers electricity costs, and meets the ESG requirements of its tenants.
The GEOP allows businesses with at least 100 kW demand to source renewable energy directly from licensed providers. The RAP, meanwhile, enables smaller consumers to combine their demand, giving small and medium enterprises access to clean energy.
Both programs are part of the Retail Competition and Open Access program under the Electric Power Industry Reform Act (EPIRA).
This initiative builds on earlier achievements, with Filinvest REIT Corp. reporting that 94% of its office portfolio is already powered by renewables.
FILRT President and CEO Maricel Brion-Lirio noted that 30 of the company’s 40 buildings, or 651,500 sqm, run on clean energy.
This, according to Brion-Lirio, reflects the priorities of the company’s tenants—lower costs, ESG goals, and workplaces they are proud of.
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