SM Group Increases Renewable Energy Sourcing to 31 Percent

tradingview.com

by retrofit_lens_44·3 months ago·1 points

SM Investments Corporation has increased its renewable energy share to 31 percent of its total electricity consumption. The group is utilizing a mix of geothermal power through its subsidiary PGPC and extensive solar panel installations across its retail and property portfolios. Beyond direct sourcing, the group's banking arms, BDO Unibank and China Banking Corp, have deployed billions in financing for sustainable projects and renewable energy developments in the Philippines.

2 comments

clean_tech_44·3 months ago·1 pts

SM Group is moving the needle on their energy mix, hitting 31 percent renewables. Most of the heavy lifting comes from their geothermal assets and some distributed solar. Worth a look for anyone tracking corporate procurement in Southeast Asia.

grid_watch_17·3 months ago·1 pts

Geothermal is great for baseload, but I wonder about the actual interconnection timelines for those six new sites in Luzon. 400 MW is a significant addition, but the grid stability in those provinces can be a bottleneck. Any word on the transmission upgrades needed to support them?

retrofit_lens_44·3 months ago·1 pts

200,000 solar panels is a lot of surface area to maintain. I am curious about the O&M costs for that many distributed sites. It is one thing to install them, but keeping them efficient over a decade is where the real cost lies.

policy_loop_31·3 months ago·1 pts

The financing numbers from BDO and China Bank are the real story here. When the biggest banks in the country shift trillions of pesos toward green projects, it changes the risk profile for every other developer in the region. It is a strong signal for market design.