First Gen Corp. said it has renewed its green energy supply deal with the Philippine Stock Exchange at One Bonifacio High Street Condominium Corp. (PSE-OBHS).
In a statement on Thursday, First Gen said its renewable energy (RE) supply to the PSE will come from a power plant in Leyte owned and operated by Energy Development Corp., which is a subsidiary of First Gen.
PSE-OBHS manages the Philippine Stock Exchange Tower in Bonifacio Global City, Taguig.
“We are pleased to renew our partnership with First Gen as we remain committed to pursuing our sustainability agenda,” PSE president Ramon Monzon said.
“Climate change is a very real risk to all of us, and we must do what we can to mitigate our impact on the environment,” he said.
“By making sure that our place of business utilizes 100 percent RE and through strict adoption of relevant sustainability efforts, the PSE can continue to reduce its carbon footprint,” Monzon added.
PSE-OBHS hired First Gen as green energy supplier in 2021. The goal was to lower the carbon footprint of the 26-storey tower that houses the PSE Inc. headquarters and its subsidiaries, as well as the offices of trading participants and other tenants.
“We’re proud to work with the PSE to help them achieve their goals and continue to lead as one of the world’s sustainable stock exchanges,” First Gen chief engagement officer Carlo Vega said.
First Gen owns and operates 28 solar, wind, hydro and geothermal power plants with a combined installed capacity of 1,651 MW.
It also has 2,017 MW from four power plants that run on natural gas, bringing its total capacity to 3,668 MW.
The company intends to spend up to $20 billion in the five years to 2030, and grow its installed capacity to 13,000 MW.
