ACEN Renewable Energy Solutions said Tuesday it signed a partnership with the Philippine office of JPMorgan Chase Bank N.A., a leading global banking and financial services firm, to supply renewable energy to power its corporate headquarters in Bonifacio Global City, Taguig.
JPMorgan Chase, through lessor Asia Affinity, signed a retail electricity supply agreement with ACEN RES to power its 25-story office building in Taguig City.
The partnership falls under the retail competition and open access program, enabling companies to choose their retail electricity supplier
Renewable energy will be sourced from ACEN’s portfolio of wind, solar, and geothermal plants with the switch to renewable energy estimated to avoid carbon dioxide emissions equivalent to around 4,700 cars off the road per year.
“Through this partnership and the shift to renewable energy solutions, we affirm our global commitment to environmental sustainability and our continued efforts to achieve a low carbon footprint for JPMorgan Chase in the Philippines,” said JPMorgan senior country officer Carlos Ma. Mendoza.
ACEN president and chief executive Eric Francia said ACEN RES is at the forefront of providing renewable energy solutions to help businesses meet their decarbonization goals by providing the best approach to help save on cost and a reliable source of electricity supply.
“The Ayala Group and JPMorgan Chase have a long history of cooperation, and we are very proud that this relationship has evolved towards our shared value of sustainability. We are grateful for the trust in ACEN as the renewable energy partner of choice,” Francia said.
ACEN is the listed energy platform of the Ayala Group. The company has about 4,400 megawatts of attributable capacity in the Philippines, Australia, Vietnam, Indonesia and India.
