ACEN Renewable Energy Solutions (ACEN RES) forged a partnership with the Philippine office of JPMorgan Chase Bank, N.A., a leading global banking and financial services firm, to supply 100% of renewable energy to power its corporate headquarters in the country. The landmark partnership was recently celebrated in a special ceremonial event attended by key executives from ACEN and JPMorgan Chase.
Through its lessor, Asia Affinity, JPMorgan Chase signed a Retail Electricity Supply Agreement with ACEN RES to power its 25-story office building in Taguig City. Renewable energy will be sourced from ACEN’s portfolio of wind, solar, and geothermal plants, with the switch to renewable energy estimated to avoid carbon dioxide emissions equivalent to around 4,700 cars off the road per year.
Carlos Ma. G. Mendoza, senior country officer of J.P. Morgan, said: “Through this partnership and the shift to renewable energy solutions, we affirm our global commitment to environmental sustainability and our continued efforts to achieve a low carbon footprint for JPMorgan Chase in the Philippines.”
Eric Francia, CEO of ACEN, said: “The Ayala Group and JPMorgan Chase have a long history of cooperation, and we are very proud that this relationship has evolved towards our shared value of sustainability. We are grateful for their trust in ACEN as their renewable energy partner of choice.”
ACEN RES is at the forefront of providing renewable energy solutions to help businesses meet their decarbonization goals by providing the best approach to help save on cost and have a reliable source of electricity supply.
ACEN Renewable Energy Solutions (ACEN RES) is the supply retail electricity unit of the Ayala Group. It is a licensed retail electricity supplier and renewable energy solutions provider powering businesses and industries through the Retail Competition and Open Access (RCOA) and the Green Energy Option Program (GEOP).