Filinvest's 11 facilities shift to renewable energy

Eleven facilities of the Filinvest Group have begun utilizing renewable energy to meet their power needs, according to the company. 

The shift was done through 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). 

The facilities represent over 3,000 kilowatts of contracted demand, according to Filinvest. The newly switched buildings include properties in Filinvest City Alabang, Makati, Ortigas, and Quezon City.

“This is Filinvest’s first switch under the expanded RAP, with over 1,000 kW aggregated. It allows our facilities to unlock market-based electricity rates and secure cleaner, more cost-efficient power,” FDC RES president Roderick Fernandez said. 

ERC Chairperson Atty. Francis Saturnino Juan said, “I congratulate FDC RES for being at the forefront of these innovations in our power industry as we work to make energy supply more affordable and reliable for Filipinos.”

Meanwhile, Filinvest REIT Corp. reported that 94% of its office portfolio is already powered by renewables. 

“Today, 30 of our 40 buildings, or 651,500 sqm, run on clean energy. This reflects the priorities of our tenants—lower costs, ESG goals, and workplaces they are proud of,” FILRT president and CEO Maricel Brion-Lirio said. 

This expansion comes as the Philippines intensifies its efforts to accelerate its renewable energy transition. 

The Department of Energy has targeted a 35% renewable energy share by 2030 and 50% by 2040. —VBL, GMA Integrated News