The Asian Development Bank (ADB) signed an agreement with the Ayala Group’s ACEN Renewable Energy Solutions (ACEN RES) to power its headquarters in Mandaluyong City with 100-percent renewable energy.
ACEN said in a statement that under the agreement, its retail electricity arm would power ADB’s facilities with renewable energy from its portfolio of renewable energy sources such as solar and wind.
The move aligns with the development bank’s push to promote sustainability and environmental responsibility.
“We at ACEN are excited to expand our collaboration with the Asian Development Bank. ADB has been instrumental in driving the growth of our renewable energy portfolio in the Philippines and around the region through sustainable financing,” said ACEN president and chief executive Eric Francia.
ADB vice-president for administration and corporate management Bruce Gosper said that as Asia and the Pacific’s climate bank, the ADB is committed to lowering its carbon footprint.
“This includes sourcing electricity from renewable energy sources such as solar and wind,” Gosper said.
ADB director-general for corporate services Lakshmi Menon said that despite the size of the bank’s headquarters, it managed to consume less energy than other buildings with the same size and occupancy levels.
“As part of our sustainability efforts, we have continued to source electricity from renewable sources since 2014. We’ve also done what we can to consume less in areas of water and paper while producing less waste,” said Menon.
ACEN RES awarded the development bank its ‘Powered by Renewable Energy’ seal to recognize ADB’s commitment to renewable energy. The badge is typically given to ACEN RES customers who choose a 100-percent renewable energy supply. Alena Mae S. Flores
ACEN is the listed energy platform of the Ayala Group with a fast-growing presence in the Philippines, Australia, Vietnam, India, Indonesia, Lao PDR and the United States.
It has about 4.8 gigawatts of attributable renewables capacity in operation and under construction.