AC Energy inks power supply deal with consumer goods firm

Danessa Rivera (The Philippine Star) - May 25, 2021 - 12:00am
https://www.philstar.com/business/2021/05/25/2100529/ac-energy-inks-power-supply-deal-consumer-goods-firm

MANILA, Philippines — AC Energy Corp. (ACEN) has secured a deal to provide renewable energy to the Laguna plant of consumer goods company Pacific Synergy Food and Beverage Corp.

Under the energy supply agreement, Pacific Synergy’s power needs during peak operational hours will be energized by renewable energy from ACEN’s portfolio of operating wind, solar and geothermal power plants for the next two years or around 28,913 megawatt-hours (MWh) of renewable energy.

Providing renewable energy during peak hours is projected to eliminate an estimated 1,500 tons of carbon dioxide equivalent for the duration of their engagement or the equivalent of taking 324 cars off the road annually.

The energy supply agreement with ACEN is Pacific Synergy’s first renewable energy power purchase for the electricity supply of its plant operations.

“The switch to renewable energy through our partnership with AC Energy is a major milestone for us, not only in reducing the carbon footprint of our expanding operations, but also in supporting the sustainable development and low-carbon future of the country,” Pacific Synergy president Charles Stewart Lee said.

“We are proud to enable the development of new renewable energy plants and encourage the growth of the green energy sector and help create much needed jobs,” he said.

Apart from ensuring that the energy they will use in operating their business will come from sustainable power sources, Pacific Synergy will also get to support the growth of the emerging renewables sector and take part in the energy transition from fossil fuels to green energy sources.

“AC Energy provides businesses that are looking for ways to achieve their sustainability goals a jumpstart to their renewable energy journey and reduce their carbon footprint in a hassle-free and cost-efficient way,” ACEN executive director and head of commercial operations Miguel de Jesus said.

“Pacific Synergy’s decision to procure renewable energy from us provides a boost to our program as we aim to rapidly expand these positive switches to green energy in the Philippines and across the region, and play a meaningful role in the green-led recovery,” he said.

The Ayala power unit said the retail renewable electricity program allows companies to “green” their energy sources through a number of ways: by directly purchasing energy from the company’s operating renewable energy plants, by purchasing carbon credits to offset their carbon emissions, and by becoming direct enablers of the energy transition wherein their investment will be funneled into building new renewable energy power plants, a crucial component in the green-led recovery.

AC Energy is also positioning itself to be a one-stop shop for the energy needs of its retail clients, providing competitively priced and tailor-fitted plans anchored on great customer experiences.

A player in the food and beverage arena, Pacific Synergy produces SIP Purified Water, its first product. The company recently introduced Actipure – its line of alcohol and hand sanitizers – and Hearth – a line of products designed to protect the environment.

Meanwhile, ACEN expanded its portfolio and augmented its generating capacity with the construction of two new solar plants, battery storage and firming facilities in Luzon.

These sustainable investments created more than 3,000 jobs within its host communities that became vital pieces towards reigniting the economy and creating economic activity.

AC Energy now has 1,200 megawatts of attributable capacity in the Philippines, with more than half coming from renewable sources.

The company’s strong balance sheet complemented by a robust pipeline of renewable energy projects places it an excellent position towards its aspiration of becoming the largest listed renewables platform in Southeast Asia.