{"id":54273,"date":"2024-08-01T17:43:13","date_gmt":"2024-08-01T09:43:13","guid":{"rendered":"http:\/\/www.teampcheng.com\/blog\/?p=54273"},"modified":"2024-08-01T17:43:17","modified_gmt":"2024-08-01T09:43:17","slug":"sm-prime-widens-the-landscape-in-renewable-energy","status":"publish","type":"post","link":"http:\/\/www.teampcheng.com\/blog\/lifestyle\/sm-prime-widens-the-landscape-in-renewable-energy\/","title":{"rendered":"SM Prime widens the landscape in renewable energy"},"content":{"rendered":"\n<p>As part of its net-zero commitment by 2040, one of Asia\u2019s leading real estate and property developers, SM Prime Holdings, Inc. (SM Prime), partnered with global integrated energy company TotalEnergies for the installation of a 2 Megawatt-peak (MWp) Solar Photovoltaic (PV) System Rooftop project in Pasay City.<\/p>\n\n\n\n<p>The partnership venture aligns with SM Prime\u2019s efforts in expanding its renewable energy portfolio and affirms TotalEnergies\u2019 commitment to advancing renewable energy solutions in various urban settings.\u00a0<\/p>\n\n\n\n<p>Designed with a power yield of 3,000 Megawatt-hour (MWh) of electricity annually, the solar partnership project has over 3,672 PV panels installed and is expected to provide huge cost savings for SM Prime. Located at the MOA Square in the Mall of Asia Complex, the solar installations are expected to reduce the building\u2019s carbon footprint by about 1,430 tons of carbon dioxide (CO<sub>2<\/sub>) emissions annually.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><a href=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" data-attachment-id=\"54274\" data-permalink=\"http:\/\/www.teampcheng.com\/blog\/lifestyle\/sm-prime-widens-the-landscape-in-renewable-energy\/attachment\/dji_0285-1\/#main\" data-orig-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1.jpg\" data-orig-size=\"1280,720\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1713867357&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"DJI_0285-1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1-300x169.jpg\" data-large-file=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1-1024x576.jpg\" src=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1-1024x576.jpg\" alt=\"\" class=\"wp-image-54274\" srcset=\"http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1-1024x576.jpg 1024w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1-300x169.jpg 300w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1-768x432.jpg 768w, http:\/\/www.teampcheng.com\/blog\/wp-content\/uploads\/2024\/08\/DJI_0285-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>SM Prime and TotalEnergies light up the future! Together, we&#8217;ve installed a 2-Megawatt peak (MWp) solar rooftop at MOA Square, taking a giant leap towards a greener Philippines. Join us in building a sustainable future by supporting eco-friendly initiatives. Let&#8217;s work together to create a greener world for generations to come.\u00a0<\/em><\/figcaption><\/figure>\n\n\n\n<p>&#8220;SM Prime is proud to work alongside TotalEnergies on this project. This partnership is our commitment to sustainability and achieving Net Zero by 2040. We are also taking a proactive stance in supporting the Department of Energy\u2019s (DOE) target of reaching 35% renewable energy by 2030. Together, we\u2019re driving meaningful change towards a more environmentally conscious future,&#8221; said John Nai Peng Ong, SM Prime Chief Finance Officer. &nbsp;<\/p>\n\n\n\n<p>\u201cWe are thrilled to announce the successful deployment of solar rooftop installations at the Mall of Asia in the Philippines, marking a significant achievement in both environmental and economic sustainability for SM Prime,\u201d said Elodie Renaud, Managing Director of TotalEnergies Renewables Distributed Generation Asia.&nbsp;<\/p>\n\n\n\n<p>For the past few years, SM Prime continues to grow its partnerships with key clean energy players, leveraging its relationships and earned experiences to drive its environmental stewardship campaign. Capitalizing on these partnerships has provided for SM Prime huge economic, environmental, and social dividends.<br><\/p>\n\n\n\n<p>In 2022, SM Prime secured a long-term deal with AboitizPower for its clean energy supply. Under the agreement, AboitizPower will provide reliable and responsibly-sourced energy from Tiwi-MakBan Geothermal Power Plants, and PV Sinag\u2019s Power Plants, operated and managed by AboitizPower subsidiary, Aboitiz Renewables, Inc. (ARI).&nbsp;<\/p>\n\n\n\n<p>The following year, SM Prime signed a memorandum of agreement with Citicore Renewable Energy Company (CREC), wherein SM Prime will source 90 megawatts (MWac) from CREC\u2019s upcoming Lumbangan Solar Power Plant in Tuy, Batangas.&nbsp;<\/p>\n\n\n\n<p>Apart from contributing to the DOE\u2019s 35% renewable energy goal by 2030, all these partnerships are aligned with the energy department and Energy Regulatory Commission\u2019s (ERC) policy of expanding the adoption of Retail Competition and Open Access (RCOA) in the energy industry.<\/p>\n\n\n\n<p>To date, SM Prime currently sources at least 50% of its electricity utilization from clean, renewable energy.&nbsp;<br>SM Prime supports the Philippine government\u2019s aim to increase the country&#8217;s renewable energy supply component to 50% by the year 2040. It remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people. SM Prime is pursuing the next horizon on integrated property development and onward to building sustainable cities of the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of its net-zero commitment by 2040, one of Asia\u2019s leading real estate and property developers, SM Prime Holdings, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2730],"tags":[12182],"class_list":["post-54273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-sm-prime"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SM Prime widens the landscape in renewable energy - 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