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Manila Bulletin devider Business devider Trade & Industry devider FGen secures RE deal to power Shang Grand Tower

FGen secures RE deal to power Shang Grand Tower

Published Feb 3, 2026 11:54 am  |  Updated Feb 3, 2026 02:17 pm

In a major step toward sustainable luxury living, Lopez-led First Gen Corp. (FGen) announced that Shang Properties Inc.’s The Shang Grand Tower has officially transitioned to 100-percent renewable energy (RE).

In a statement on Tuesday, Feb. 3, FGen said it has begun supplying the 46-story Makati City landmark with geothermal power sourced from the Unified Leyte geothermal power plant of Energy Development Corp. (EDC).

The transition covers the electricity requirements of all the tower’s common areas, including residential hallways, the amenities floor, lobbies, and parking levels.

The move aligns with Shang Properties’ broader strategy to integrate environmental responsibility into its portfolio of high-end residential and commercial developments. Joseph Salting, head of property management, noted that the shift is as much about operational efficiency as it is about stewardship.

“This initiative not only helps reduce our carbon footprint but also supports more efficient management of our electricity costs,” Salting said. “We are optimistic that this partnership will lead to deeper collaboration and create more opportunities that translate into greener living for our residents.”

Located in the heart of the Makati central business district (CBD), the 254-unit Shang Tower’s shift to green energy ensures a steady power supply that meets the demanding needs of a luxury high-rise.

FGen Chief Customer Engagement Officer Carlo Vega emphasized that geothermal energy is uniquely suited for premium developments because of its reliability. Unlike some intermittent renewable sources, geothermal provides “baseload” power that runs consistently 24/7.

“The Shang Grand Tower set the bar for luxury condominium living, and we are privileged to support its RE transition,” Vega said. “We look forward to continuing to work with The Shang Grand Tower team on their decarbonization journey.”

FGen remains a leader in the Philippine energy transition, with a renewable portfolio of 1,700 megawatts (MW) across geothermal, hydro, solar, and wind platforms.

To ensure national energy security and help bridge gaps caused by RE intermittency, the company also maintains a 40-percent interest in four gas-fired power plants with a combined capacity of 2,017 MW, in partnership with Prime Infrastructure Capital Inc. - Gabriell Christel Galang

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