Megaworld Corp., the listed property development company of tycoon Andrew Tan, has fully transitioned its company-owned properties to renewable energy, a major step towards its push for sustainability.
The shift covers 54 commercial assets listed under MREIT, Inc., including 26 office towers, 15 lifestyle malls, and eight hotels across key townships such as Uptown Bonifacio, Eastwood City, McKinley Hill, Newport City, and Iloilo Business Park.
Several high-consumption residential properties—classified as “Contestable Customers” under the Retail Competition and Open Access (RCOA) framework—have also made the switch. These include developments in Forbes Town, Westside City, and Makati. Contestable customers are those that consume 500 kW or more and can choose renewable energy providers through licensed Retail Energy Suppliers (RES).
The transition follows Megaworld’s March 2024 partnership with MPower, a Meralco subsidiary, and the onboarding of ACEN Corp. as a renewable energy provider for residential and office developments.
“Reaching 100% renewable energy for all our properties is a significant leap forward in our sustainability journey,” said Jose Arnulfo Batac, Head of Sustainability at Megaworld. “This milestone underscores our long-term commitment to environmental stewardship as we build townships of the future powered by sustainable energy.”
The initiative is part of the company’s MEGreen program, launched in 2023, which consolidates its environmental strategies in alignment with the United Nations Sustainable Development Goals (SDGs). Megaworld also plans to extend the shift to non-contestable properties—including joint ventures and subsidiaries—by 2030, reinforcing its leadership in sustainable urban development.
