One of the top property developers in Southeast Asia, SM Prime Holdings, Inc. (SM Prime), achieves its aim of raising the percentage of renewable energy in its portfolio to more than 50% by signing a long-term agreement with AboitizPower for Cleanergy supply. This is in support of the Department of Energy’s plan to increase the share of renewable energy in the nation’s energy supply to 35% by 2030.

According to the deal, AboitizPower will be able to provide energy from the Tiwi and MakBan Geothermal Power Plants, as well as PV Sinag’s Power Plants, which are run and managed by a subsidiary of AboitizPower called Aboitiz Renewables, Inc. (ARI). By the end of 2022, SM Prime properties under the Retail Competition and Open Access (RCOA), including malls, vacation homes, offices, hotels, and other institutions, will be powered by this long-term contract.

“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.

One of the top property developers in Southeast Asia, SM Prime Holdings, Inc. (SM Prime), achieves its aim of raising the percentage of renewable energy in its portfolio to more than 50% by signing a long-term agreement with AboitizPower for Cleanergy supply. This is in support of the Department of Energy’s plan to increase the share of renewable energy in the nation’s energy supply to 35% by 2030.

According to the deal, AboitizPower will be able to provide energy from the Tiwi and MakBan Geothermal Power Plants, as well as PV Sinag’s Power Plants, which are run and managed by a subsidiary of AboitizPower called Aboitiz Renewables, Inc. (ARI). By the end of 2022, SM Prime properties under the Retail Competition and Open Access (RCOA), including malls, vacation homes, offices, hotels, and other institutions, will be powered by this long-term contract.

“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.

Based on its four main sustainable pillars of economy, people, environment, and community, SM Prime creates legacy communities. It is committed to create value through its many business sectors in a sustainable way.

“AboitizPower is delighted to work alongside SM Prime to develop sustainable lifestyle cities. We are grateful that SM Prime chose to work with us as their partner in the switch to clean and renewable energy. It is an honor to be able to use our renewable resources to power different SM Prime properties, according to 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 renewable energy leader plans to expand its Cleanergy portfolio over the next decade to support the government’s plans to boost the country’s renewable energy industry. AboitizPower targets approximately a 50:50 combination of clean power and heat capacity by 2030.

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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