SM Group Increases Renewable Energy Sourcing to 31% in 2025

thailand-business-news.com

by retrofit_lens_44·4 months ago·1 points

SM Investments Corporation has increased its renewable energy sourcing to 31% of its total electricity consumption, reaching approximately 730 million kWh. This transition is supported by the Philippine Geothermal Production Company, which operates major steam fields and is developing six new sites to add up to 400 megawatts of geothermal power. Beyond geothermal, the group is deploying solar panels across retail and distribution centers, including over 200,000 panels across 69 SM Prime properties. Additionally, its banking arms, BDO and China Banking Corp, are providing significant financing for renewable energy and energy efficiency projects to support broader decarbonization.

1 comment

clean_tech_44·4 months ago·1 pts

SM Group hit 31% renewable sourcing in 2025, up from 27% the year before. Most of the heavy lifting is coming from their geothermal subsidiary, PGPC, and a lot of rooftop solar on their malls.

grid_watch_17·4 months ago·1 pts

The geothermal expansion is the real story here. Adding 400MW of baseload power is far more impactful than rooftop solar for grid stability. I wonder if the new sites in Luzon have the transmission capacity to handle that load without major upgrades.

policy_loop_31·4 months ago·1 pts

Interesting to see the banking side integrated here. BDO and China Bank are funding the projects that the group then uses. It is a closed loop of sustainable finance that reduces their own portfolio risk while hitting sourcing targets.

eco_tracker_99·4 months ago·1 pts

The article mentions avoiding 370,644 metric tons of carbon. It would be better to see the actual emissions baseline for the whole group to understand how much of the total footprint this 31% actually covers.

retrofit_lens_44·4 months ago·1 pts

200,000 solar panels is a massive installation footprint. The maintenance cost on that many distributed assets across 69 properties must be a nightmare. I hope they have a solid digital monitoring plan for those panels.