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Manila Bulletin devider Business devider ACEN supplies RE-generated power to manufacturing firm

ACEN supplies RE-generated power to manufacturing firm

Published Jun 28, 2024 12:17 am

At A Glance

  • As the world grapples with the alarming consequences of climate change risks, more and more woke customers in the corporate world have been embracing transformative change in their electricity usage – and renewable energy is often the preferred choice.

The renewable energy (RE) solutions arm of Ayala-led ACEN Corporation has cornered a power supply deal to provide RE-generated power to manufacturing firm Valerie Products Manufacturing Inc. (VSO), which produces automotive and appliance parts.

According to the Ayala firm, ACEN Renewable Energy Solutions (ACEN RES) “will source its electricity exclusively from (its) diverse portfolio of renewable sources, such as solar, wind and geothermal power.”

Customer Valerie Products Manufacturing indicated that the power supply pact with ACEN RES would usher it into its journey of using 100% renewables to power its operations.

Sheila Mina, vice president for Commercial Operations and Head of Account Management at ACEN RES, emphasized that Valerie Products Manufacturing will be a new addition “to our growing list of customers who are choosing renewable energy.”

From the customer’s end, Valerie Products Manufacturing President Edward Jose asserted that “this transition aligns with our commitment to sustainability and environmental responsibility and will allow us to reduce our carbon footprint while potentially lowering our electricity costs.”

The parties have not divulged details on the scale of volume procurement; as well as the tariff agreed upon in their contract.

ACES RES conveyed that Valerie Products Manufacturing’s shift to RE had been underpinned by the Green Energy Option Program (GEOP), a government-initiated policy tool that will allow customers within the 100-kilowatt consumption threshold to opt for renewables as their electricity supply source.

“This program allows businesses to save on electricity costs and take an active role in supporting the development and utilization of renewable energy sources in the Philippines,” the Ayala company noted.

As the world grapples with the alarming consequences of climate change risks, more and more woke customers in the corporate world have been embracing transformative change in their electricity usage – and renewable energy is often the preferred choice.

ACEN is solidly cementing its stature as the biggest player in the RE sector – not just with its domestic fleets of power plants, but also on its vast investments across offshore markets in the Asia Pacific region. 

Related Tags

ACEN Corporation Green Energy Option Program Power supply agreement Valerie Products Manufacturing RE supply
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