Saturday, 13 September 2025, 2:40 pm

    Filinvest expands renewable energy shift with ERC recognition

    The Energy Regulatory Commission (ERC) has recognized the Filinvest Group for leading the adoption of government’s power aggregation program, following the ceremonial switching of 11 Filinvest facilities to renewable energy in Alabang.

    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). Together, the facilities represent over 3,000 kilowatts of contracted demand.

    “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,” said FDC RES President Roderick Z. Fernandez.

    ERC Chairperson Atty. Francis Saturnino Juan praised the move. “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.”

    Filinvest, IEMOP, and Meralco executives pose for a group photo during the ceremonial switching event. In the photo are (from left to right) Filinvest Malls FVP & Retail Business Unit Head Mitch Dumlao, Filinvest REIT Corp. President and CEO Maricel Brion-Lirio, FDC RES President Roderick Fernandez, IEMOP COO Robinson Descanso, Meralco SAVP and Head of Commercial Operations Juan Paolo Cruz, and Meralco SAVP and Head of Competitive Market Group Sheryl Castro.

    The newly switched buildings include properties in Filinvest City Alabang, Makati, Ortigas, and Quezon City. Among them are Westgate, The Tent, Riverpark, Filinvest Shoppes, One Filinvest, and Studio 7.

    Filinvest executives highlighted that the transition goes beyond compliance. “This strengthens our commitment to sustainability, lowers electricity costs, and meets ESG requirements of our tenants,” said Filinvest Malls FVP Mitch Dumlao.

    Under GEOP, businesses with at least 100 kW demand can source renewable energy directly from licensed providers. RAP, on the other hand, enables smaller consumers to combine demand, giving small and medium enterprises access to clean energy. Both are part of the Retail Competition and Open Access program under the Electric Power Industry Reform Act (EPIRA).

    The initiative builds on earlier milestones. 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,” said FILRT President and CEO Maricel Brion-Lirio.

    The expansion comes as the Philippines intensifies efforts to accelerate its renewable energy transition. The Department of Energy has targeted a 35% renewable energy share by 2030, rising to 50% by 2040, underscoring the importance of private sector participation.

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