Skip to main content

SM Prime Taps Citicore Renewables for Supply of Clean Energy

SM Prime Holdings, Inc. and Citicore Renewable Energy Company signed a Memorandum of Agreement on July 11, 2023 as a joint commitment to champion renewable energy. 

Through this partnership, SM Prime will source its energy requirements of up to 90-Megawatts from CREC's upcoming Lumbangan Solar Power Plant in Tuy, Batangas. The long-term agreement will commence in the first half of 2024. This is in line with the Retail Competition and Open Access policies of the Department of Energy. 


This development further strengthen both CREC and SM Prime's commitment to the DOE's program of moving up the renewable energy supply component of the Philippines to 35% by the year 2030. 

"This partnership marks our strong commitment to providing sustainable operations in our developments nationwide. It is aligned with SM Prime's target of achieving net zero by the year 2040. SM Prime ensures that its risk-informed investments catalyze sustainable development and positive change in the communities where it operates," said John Ong, SM Prime CFO.

The agreement with SM Prime adds to CREC's long list of blue-chip company partners, attesting to the company's solid performance and service excellence. 

"We are happy to partner with SM Prime in providing clean and safe renewable energy for their power requirements," said Oliver Tan, CREC President. "We believe that their support and trust in us through this partnership reflects our commitment as a renewable energy provider, and we are glad that SM Prime shares in our vision of a sustainable future."


Comments

Popular posts from this blog

#MothersDayAtSM: Quality Time Ideas for MOMS

Celebrate the mother figures in your life with a day full of love, indulgence, and unforgettable  experiences— only at SM Supermalls. From food and gifts to well-deserved pampering, this is the  perfect place to planthe  ultimate day she’ll never forget!

OVER 10,000 RUNNERS ROCK THE BLOCK AT THE MUSIC RUN™ BY PHILAM VITALITY IN MANILA

An infectious and energetic blend of music filled the atmosphere at McKinley West as over 10,000 participants, a.k.a. Music Runners™ ran, danced and partied at the second edition of The Music Run™ by Philam Vitality . The event, hailed in other countries as the Ultimate 5k Running and Music Festival , returned to Manila bigger and bolder following a smash-hit debut at the Philippine Arena last year.

How Much Do You Know About Hollywood’s Grandest Trophies?

Fun facts about the awards season’s most prestigious icons The awards season will soon be in full throttle and it won’t be long before the red carpet rolls out for the luminaries of Hollywood’s music, film, and television scenes. There are a lot of things we watch out for as the countdown begins to some of Hollywood’s brightest nights: the Golden Globe Awards, People’s Choice Awards, and the Screen Actors Guild (SAG) Awards ceremonies. While we wait to have a glimpse of the best celebrity outfits, the most gorgeous celebrity couples, and   the most stirring acceptance speeches, it is the fervent hope of the night’s nominees to bring home symbols of dramatic milestones for their careers.   While the guesses keep coming in as to who will emerge most triumphant this awards season, we take a look at the precious mementoes that the nights’ nominees hope to win.