Araneta City Inc., the developer behind the 35-hectare Araneta City complex in Cubao, Quezon City, has signed new agreements with leading renewable energy producer First Gen Group to power more of its properties with clean energy.
Officials from both companies signed the additional power supply contracts in early July, marking another key step in Araneta City’s efforts to cut carbon emissions and improve energy efficiency across its developments. The new deals cover electricity needs for four more sites: the 30-storey Cyberpark Tower 3 office building, the 22-storey mixed-use Aurora Tower, the former Fiesta Carnival area currently being redeveloped, and the remaining Fiesta Carnival Arcade.
Under the new contracts, First Gen will supply an estimated 3.4 megawatts of power drawn from its 648-megawatt Unified Leyte geothermal power plants. This builds on an earlier partnership established in October 2025, when First Gen began providing around 5.4 megawatts of renewable power to Ali Mall, the New Frontier Theater, and Manhattan Gardens. That initial supply comes from First Gen’s geothermal facilities in Bicol and hydropower plants in Nueva Ecija.
Antonio Mardo, senior vice president of Araneta City, said the move reflects years of work to adopt cleaner energy sources and responds to growing demand from tenants. “We have been trying to tap renewable energy sources for the past years and we’re happy to be achieving our vision. Our BPO locators have been asking us to source renewable energy. We look forward to growing our partnership with First Gen,” he stated.
Carlo Vega, First Gen’s chief customer engagemebt officer, noted that the shift to clean energy brings both environmental and business benefits. “Shifting to renewable energy is not just doing good for the environment, but also a means to manage business risks. We thank the Araneta Group for growing with us and allowing us to be their partner as they progress in their sustainability journey,” he added.
Araneta City, known as the “City of Firsts” with over 70 years of experience in integrating retail, entertainment, residential, hospitality and office spaces, was among the earliest adopters of the Department of Energy’s Retail Competition and Open Access and Retail Aggregation Program. These frameworks allow consumers to choose their own electricity providers and combine power requirements for better terms. The 2025 agreement consolidated demand from more than 200 tenants in Ali Mall and the New Frontier Theater, plus over 9,000 units across 18 residential towers at Manhattan Gardens, while the latest deals also use these DOE-approved programs.
First Gen operates more than 1,700 megawatts of renewable capacity nationwide, running 31 geothermal, hydro, wind and solar facilities across the Philippines.
