Aboitiz Power Corporation’s retail electricity supply arm AdventEnergy has secured a deal with China Banking Corporation to provide clean power to over 30 percent of the bank’s branch network across Bulacan, Cavite, Laguna and Metro Manila. The partnership will deliver 2 megawatts of renewable energy to 153 branches, supporting both the bank’s sustainability targets and its operational efficiency goals.
China Bank president and CEO Romeo Uyan, Jr. noted that sourcing renewable energy aligns with the institution’s commitment to advancing clean energy development in the Philippines, while also helping reduce its carbon footprint and build a more sustainable future. Both parties confirmed that the arrangement also brings practical benefits including cost savings and more stable long-term energy budgeting.
The agreement builds on an existing long-standing partnership between AdventEnergy and the SM Group, which holds majority ownership of China Bank. AdventEnergy already supplies renewable power to various SM Group operations covering malls, schools, retail outlets and affiliated firms, and said the new deal further supports the group’s broader sustainability and energy procurement strategies. AdventEnergy vice president for retail energysales and services Catherine Del Villar-Pasilaban said the company aims to provide consistent, reliable and fully integrated sustainable energy solutions for all its industry clients.
For the wider Aboitiz Power group, the deal forms part of its national expansion plan to add 3,600 megawatts of new renewable energy capacity, bringing its total clean energy output to 4,600 megawatts by 2030. The group targets an overall portfolio of 9,200 megawatts by that year, combining renewable facilities with thermal plants to meet both baseload and peak power demand across the country. In April this year, Aboitiz Power announced it and its partners have allocated P62 billion in capital expenditure for 2026, with most funds directed to upcoming renewable energy projects and battery energy storage systems.
