AC Energy Corp., the listed energy platform of the Ayala Group, will supply renewable energy (RE) to consumer goods firm Pacific Synergy to power up the latter’s plant operations for two years.
AC Energy said Monday it signed an agreement with Pacific Synergy to provide its Laguna plant facility with RE during peak hours, or around 28,913 MWh, from the company’s portfolio of operating wind, solar and geothermal power plants.
This is the first renewable energy power purchase of Pacific Synergy for the electricity supply of its plant operations. Apart from ensuring that the energy they will use in operating their business will come from sustainable power sources, Pacific Synergy will also get to support the growth of the emerging renewables sector and take part in the energy transition from fossil fuels to green energy sources.
“The switch to renewable energy through our partnership with AC Energy is a major milestone for us, not only in reducing the carbon footprint of our expanding operations, but also in supporting the sustainable development and low-carbon future of the country,” said Charles Stewart Lee, president of Pacific Synergy.
“We are proud to enable the development of new renewable energy plants and encourage the growth of the green energy sector and help create much needed jobs.”
Utilizing RE would eliminate Pacific Synergy’s estimated 1,500 tons of CO2e, the equivalent of taking about 324 cars off the road annually.
SIP Purified Water is the first product under Pacific Synergy Food and Beverage Corp. and now a player in the food and beverage arena. Pacific Synergy also recently introduced Actipure hand sanitizers and alcohol. Another new brand is Hearth, which is a line of products designed to protect the environment. All products are 100 percent compostable, which will inspire more sustainable practices in the industry.
AC Energy’s retail renewable electricity program allows companies to “green” their energy sources through a number of ways: by directly purchasing energy from the company’s operating renewable energy plants, by purchasing carbon credits to offset their carbon emissions, and by becoming direct “enablers of the energy transition” wherein their investment will be funneled into building new renewable energy power plants, a crucial component in the green-led recovery.
The company is also positioning itself to be a one-stop shop for the energy needs of its retail clients, providing competitively-priced and tailor-fitted plans anchored on great customer experiences.
“Pacific Synergy’s decision to procure renewable energy from us provides a boost to our program as we aim to rapidly expand these positive switches to green energy in the Philippines and across the region, and play a meaningful role in the green-led recovery,” said AC Energy Executive Director and Head of Commercial Operations Miguel de Jesus.
AC Energy expanded its portfolio and augmented its generating capacity with the construction of two new solar plants, battery storage and firming facilities in Luzon.
It now has about 1,200 MW of attributable capacity in the Philippines, with more than half coming from renewable sources. This is expected to increase with the completion of the infusion of AC Energy International, which has about 1,400 MW of attributable capacity.
The company’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025.