First Gen and Alliance Global Forge Renewable Energy Partnership

First Gen Corp., a leading renewable energy provider in the Philippines, has entered into a significant agreement with Alliance Global Group, Inc. to supply over 25 megawatts (MW) of geothermal energy. This energy will be sourced from First Gen's geothermal facilities located in Albay and Sorsogon, and will support various Alliance Global properties across Metro Manila, Iloilo, Davao, and Laguna.

The agreement encompasses several notable developments, including Megaworld Corporation's township projects, the Venice Grand Canal Mall in McKinley Hill, ArcoVia City in Pasig, and the Richmonde Hotel in Iloilo City, as well as the Davao Finance Center and Emperador Distillers plants in Santa Rosa and Biñan, Laguna. This initiative is part of Alliance Global's broader strategy to transition towards renewable energy sources as it aims for carbon neutrality by 2035.

“Our ability to harness more renewable energy to support our operations without compromising efficiency or service delivery will greatly reduce our carbon footprint and help us get closer to our goal of achieving carbon net zero.”Arnulfo C. Batac, Head of Sustainability, Megaworld Corp.

Arnulfo C. Batac, head of sustainability at Megaworld Corp., mentioned that electricity usage comprises a significant portion of conglomerate-wide carbon emissions and added that their ability to harness more renewable energy to support operations without compromising efficiency or service delivery will greatly reduce their carbon footprint and help them get closer to their goal of achieving carbon net zero.

“Transitioning to geothermal energy, the only renewable source that can run baseload capacity, is not just a cost optimization measure but also a means to manage risk and to do something good for the planet.”Carlo L. Vega, Chief Customer Engagement Officer, First Gen Corp.

First Gen's Chief Customer Engagement Officer, Carlo L. Vega, emphasized the importance of this transition, stating that transitioning to geothermal energy, the only renewable source that can run baseload capacity, is not just a cost optimization measure but also a means to manage risk and to do something good for the planet.

First Gen currently boasts over 1,700 MW of renewable energy capacity derived from hydro, geothermal, solar, and wind facilities across the Philippines. The collaboration with Alliance Global is expected to further enhance First Gen's position in the renewable energy sector while supporting Alliance Global's sustainability goals.