SM Prime Holdings, Inc. (SM Prime) and Citicore Renewable Energy Company (CREC) signed a Memorandum of Agreement on 11 July 2023 as a joint commitment to champion renewable energy.<\/p>\n
Through this partnership, SM Prime will source its energy requirements of up to 90-Megawatts (MWac) from CREC\u2019s 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 (RCOA) policies of the Department of Energy.<\/p>\n
This development further strengthens both CREC and SM Prime\u2019s commitment to the Department of Energy\u2019s program of moving up the renewable energy supply component of the Philippines to 35% by the year 2030.<\/p>\n
\u201cThis partnership marks our strong commitment to providing sustainable operations in our developments nationwide. It is aligned with SM Prime\u2019s 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,\u201d said Mr. John Ong, SM Prime Chief Finance Officer.<\/p>\n
The agreement with SM Prime adds to CREC\u2019s long list of blue-chip company partners, attesting to the company\u2019s solid performance and service excellence.<\/p>\n
\u201cWe are happy to partner with SM Prime in providing clean and safe renewable energy for their power requirements,\u201d said Mr. Oliver Tan, CREC President. \u201cWe 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,\u201d Mr. Tan added.<\/p>\n","protected":false},"excerpt":{"rendered":"
SM Prime and Citicore Renewable Energy Company join forces to champion renewable energy, powering sustainable development and a greener future for the country.<\/p>\n","protected":false},"author":76,"featured_media":251212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19291],"tags":[],"class_list":["post-251209","post","type-post","status-publish","format-standard","has-post-thumbnail","category-spotlight"],"zyndk8_nxtgen_metadata":[],"_links":{"self":[{"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=\/wp\/v2\/posts\/251209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=251209"}],"version-history":[{"count":0,"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=\/wp\/v2\/posts\/251209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=\/wp\/v2\/media\/251212"}],"wp:attachment":[{"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=251209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=251209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diplomatic-fuchsia-armadillo.46-250-226-234.cpanel.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=251209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}