Sweetener producer Taiwan Fructose (Philippines) has tapped First Gen Corporation to supply renewable energy (RE) to the former’s production and logistics facility in Batangas, the parties said in a statement on Thursday.
Their partnership was officially sealed on August 27, wherein First Gen will supply electricity to Taiwan Fructose from its Bacon-Manito geothermal complex in the Bicol region.
The local subsidiary of its mother unit in Taiwan, TFP produces various sweetening products for the export market, including glucose and fructose syrups, as well as other sweet additives, for a wide range of food and beverage products.
However, the companies did not detail the terms and the actual amount of electricity in the deal that was made under the Green Energy Option Program. GEOP enables large consumers with a monthly average peak demand of 100 kilowatts or more to source power directly from a RE supplier, while maintaining the same physical connection to their distribution utility’s power lines.
“Geothermal energy is a renewable energy source that can run at baseload capacity, which is ideal for industries that require a stable 24/7 power supply with a lower carbon footprint. We are pleased to support Taiwan Fructose in its journey towards sustainability and decarbonization,” Carlo Vega, First Gen chief customer engagement officer, said.
First Gen has 1,651 megawatts (MW) of installed renewable energy capacity from 28 solar, wind, hydro and geothermal power plants.
It also has another 2,017 MW of capacity from four other power plants that run on natural gas, for a total capacity of 3,668 MW. The company’s natural gas platform is in partnership with Prime Infrastructure Capital.
