MEGAWORLD Corp. said all buildings that it fully owns — offices, hotels, lifestyle malls, and residential properties — are now 100 percent powered by renewable energy.
“This covers 54 commercial properties owned by the company and listed under MREIT, Inc., Megaworld’s real estate investment trust,” the company said in a statement.
It said the properties include 26 office towers, 15 lifestyle malls and retail establishments, and eight hotels located in Uptown Bonifacio, Eastwood City, McKinley Hill, McKinley West, Newport City, Southwoods City, Twin Lakes, Boracay Newcoast, and Iloilo Business Park.
“Several residential properties in Uptown Bonifacio and Forbes Town in Taguig, Westside City in Parañaque City, and Makati City have also fully shifted to renewable energy,” the company added.
With electricity consumption hitting 500 kilowatt-hours (kWh), they can choose to source their electricity from licensed Retail Energy Suppliers (RES) offering renewable energy solutions under the Retail Competition and Open Access (RCOA) framework.
In March last year, Megaworld entered into a landmark partnership with MPower, a subsidiary of Meralco, to begin the transition of its company-owned properties to 100 percent renewable energy sources.
Megaworld said it has also tapped ACEN as one of its providers of renewable energy solutions for its residential and office properties.
“Reaching 100 percent renewable energy for all our properties is a significant leap forward in our sustainability journey,” Jose Arnulfo Batac, Megaworld head of sustainability, said. “This milestone underscores Megaworld’s long-term commitment to environmental stewardship, and we are fully committed to extending these efforts to all our developments as we work towards building townships of the future powered by fully sustainable energy sources.”
Batac also said that non-contestable properties, including those under Megaworld subsidiaries and joint ventures, are also planned to shift to renewable energy by 2030.
“This initiative is part of Megaworld’s broader sustainability program, MEGreen, launched in 2023, which consolidates all environmental efforts under a unified platform aligned with the United Nations Sustainable Development Goals (UN SDGs),” he added.
