(From left to right) SM
Prime Energy Consultant Jaime Patinio, AboitizPower Senior Vice President for
Commercial Operations Sandro Aboitiz, SM Engineering, Design and Development
President Hans Sy, Jr., SM Prime President Jeffrey Lim, AboitizPower President
and Chief Executive Officer Emmanuel Rubio, Aboitiz Renewables, Inc. Vice
President for Commercial Strategy, Sales, and Engagement David Aboitiz,
AboitizPower Vice President for Retail - Commercial Operations Business Unit
James Byron Yu, and SM Prime Chief Finance Officer John Nai Peng Ong gather for
a luncheon on Thursday, August 4, after sealing a long-term partnership with
the commitment to helping build a cleaner and brighter future.
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.
About SM Prime
SM Prime Holdings Inc., one of the leading property developers in Southeast Asia, is committed to providing safe and sustainable spaces for its stakeholders. Its development strategy is anchored on the responsible use of resources. In the communities it serves, it is able to promote resource conservation, environmental protection, and disaster resiliency by implementing solutions for water, waste, and energy management.
SM Prime is 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.
Find out more about SM Prime and the SM Green Movement
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