Under the agreement, AboitizPower is poised to supply
reliable and responsibly-sourced energy from Tiwi and MakBan Geothermal Power
Plants, and PV Sinag’s Power Plants, operated and managed by AboitizPower
subsidiary, Aboitiz Renewables, Inc. (ARI). This long-term contract will power
SM Prime properties, including malls, leisure homes, offices, hotels, and other
establishments under the Retail Competition and Open Access (RCOA) by the end
of 2022.
“This partnership with AboitizPower is aligned with our unwavering
commitment to being a catalyst for economic growth and steward of nature. We
will continue providing world-class amenities within our sustainable lifestyle
cities that have been beneficial and inspirational to millions of Filipinos,”
said Jeffrey Lim, SM Prime Holdings Inc.’s President.
SM Prime
builds legacy communities based on its core sustainable pillars: Economy,
People, Environment, and Community. It is dedicated to generating value
sustainably through its diverse business segments.
“AboitizPower is thrilled
to be SM Prime’s partner in building sustainable lifestyle cities. We thank SM
Prime for trusting us to be their partner in their transition to clean and
renewable energy. It is a privilege to be given the opportunity to power various
SM Prime properties with our renewable assets”, said Sandro Aboitiz, Senior
Vice President of the Commercial Operations Business Unit.
“We consider it a great
milestone for our group to be in support of SM’s transition to renewable energy
and are working to rapidly expand our renewable portfolio as the demand for
Cleanergy grows. We have supported a growing number of corporations
transitioning to clean and renewable energy and we are excited at the prospect
of seeing a future where Cleanergy is the norm.” said David Aboitiz, Aboitiz
Renewables, Inc. (ARI) Vice President for Commercial Strategy, Sales, and
Engagement.
The leading renewable
energy provider plans to expand its Cleanergy portfolio in the next 10 years to
support the government’s plans of boosting the renewable energy industry in the
country. AboitizPower is targeting approximately 50:50 Cleanergy and thermal
capacity mix by 2030.
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