MANILA, Philippines — AC Energy Corp. (ACEN) will supply Ayala Land Inc. (ALI) with renewable energy until 2050 as part of the Ayala Group’s collective net-zero ambition.
In a statement yesterday, ACEN said it signed a power supply agreement (PSA) with ALI to supply clean energy from the 120-megawatt (MW) solar plant in Alaminos, Laguna to help meet the property firm’s demand up to 2050.
Alaminos Solar is one of the country’s largest solar farms with 120 MW of capacity and is the first ever solar storage hybrid locally.
“ACEN commits to being at the forefront of energy transition, working alongside with our partners,” ACEN president and CEO Eric Francia said.
“We are happy to work with Ayala Land on this important initiative that will help the Ayala Group achieve net-zero greenhouse gas emissions by 2050,” he said.
The deal marks a long-term partnership that will advance both companies’ net-zero aspirations, eliminating 102,540 metric tons of carbon dioxide equivalent (MTCO2e) per year, or the equivalent of taking 22,291 cars off the road annually.
“We are pleased that this transaction with ACEN enables us to leverage synergies across the Ayala Group and provides a platform to advance our net zero goal,” ALI president and CEO Bobby Dy said.
“As we strive to deepen our commitment to sustainability, we recognize how these efforts contribute to the shift towards a low-carbon future,” he said.
Prior to the PSA, the two companies jumpstarted their synergies in Alaminos through ACEN’s pioneering Sustainability Hub, where Alaminos Solar is surrounded by ALI’s Carbon Forest, a woodland reserve that acts as a carbon trap and home to biodiversity.
ACEN partnered with Green Antz, a company which also operates ALI’s plastic recycling facility at the Arca South Ecohub, to pilot the circular approach in the Sustainability Hub and integrate a plastic waste management system.
A total of 32,540 kg of plastic collected from the solar panel packaging materials in the project construction site – the equivalent of about 25 compact size cars – have been diverted from landfills to be upcycled into eco-bricks and used in building facilities within the plant.
ACEN envisions to recreate the Sustainability Hub and close the loop through the development of Community Eco Hub recycling facilities within its project locations, fulfilling its goal of protecting the environment, creating jobs to reignite the economy, and engaging its host communities meaningfully while creating clean energy.
And with a future Eco Learning Center already underway, the company aims to create awareness on various climate action programs such as renewable energy and nature-based solutions through reforestation and biodiversity protection.
As climate change takes center stage as one of the world’s most pressing challenges, and countries race to transition from fossil fuels to clean energy towards the post-COVID world, ACEN ensures that sustainability is integrated into its vision and strategy as it works to attain its goal of 5,000 MW of renewables capacity by 2025 and become the largest renewables platform in Southeast Asia.