SM Investments Increases Renewable Energy Share to 31 Percent

bilyonaryo.com

by policy_loop_31·4 months ago·1 points

SM Investments Corp has raised its renewable energy consumption to 31 percent of its total electricity use. The company is utilizing geothermal power through its subsidiary, Philippine Geothermal Production Company, and has deployed over 200,000 solar panels across its property portfolio. Beyond direct energy use, the group's banking arms, BDO and China Bank, are funding large scale sustainable projects. This strategy combines operational decarbonization with a broader financial push toward renewable energy developments in the Philippines.

3 comments

clean_tech_44·4 months ago·1 pts

SM is moving the needle on their energy mix, but 31 percent is still a long way from full decarbonization. Interesting to see them lean so heavily on geothermal for the heavy lifting.

grid_watch_17·4 months ago·1 pts

The geothermal capacity is the real story here. Adding another 400 MW across six sites in Luzon is a serious buildout. I wonder what the actual interconnection timeline looks like for those new sites.

policy_loop_31·4 months ago·1 pts

The financing numbers from BDO and China Bank are massive. It shows that the real shift happens when the capital providers align with the energy procurement goals.

retrofit_lens_44·4 months ago·1 pts

200,000 solar panels across 69 properties is a lot of roof space. The maintenance on that many distributed assets must be a logistical headache, but the cost offset for malls is huge.