Premier real estate developer Federal Land Inc. has transitioned four residential developments in its Met Park estate in Pasay City to 100% renewable energy under a multi-year retail electricity supply agreement with ACEN Renewable Energy Solutions (ACEN RES), expanding the adoption of renewable power in the Philippine real estate sector.

The move covers Six Senses Residences, Mi Casa, Palm Beach Villas, and Palm Beach West, with the transition enabled through the government’s Green Energy Option Program (GEOP) and Retail Aggregation Program (RAP), according to a disclosure filed by ACEN Corp. on Friday.

The agreement allows the developments to source electricity exclusively from renewable energy through ACEN RES, the retail electricity arm of the Ayala group’s listed energy company.

GEOP allows qualified electricity consumers with a minimum monthly demand of 100 kilowatts to choose renewable energy suppliers, while RAP enables multiple facilities to combine their electricity demand to meet eligibility requirements for retail electricity sourcing.

ACEN said the arrangement demonstrates the growing role of renewable energy procurement mechanisms in helping the property sector reduce its carbon footprint while improving energy resilience.

“This partnership with Federal Land demonstrates how renewable energy can be integrated into large-scale residential developments,” said Tony Valdez, ACEN Senior Vice President for Market Transformation and Retail.

“By transitioning these properties to our renewable energy portfolio, we are helping Federal Land enhance the long-term value and resilience of its developments while advancing its sustainability ambitions,” he added.

The transition was implemented through the collaboration of Federal Property Management Corporation, the property management arm of Federal Land, and the condominium corporations of the participating residential developments.

According to ACEN, integrating renewable energy into the four properties is expected to strengthen their long-term value by improving energy resilience, reducing exposure to electricity market volatility, and supporting more sustainable residential communities.

What does this mean for the wider property sector? Share your thoughts.

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