ACEN Renewable Energy Solutions (ACEN RES) has inked a landmark agreement with the Asian Development Bank (ADB) to energize the financing firm’s headquarters in Mandaluyong with renewable energy (RE).
“We at ACEN are excited to expand our collaboration with the Asian Development Bank. ADB
has been instrumental in driving the growth of our renewable energy portfolio in the Philippines
and around the region through sustainable financing,” said ACEN president and CEO Eric
Francia.
In the said agreement, ACEN RES would supply ADB’s establishment with renewable energy from its vast array of renewable energy sources like solar and wind.
ADB vice president for administration and corporate management Bruce Gosper said that the financing firm is determined to lower its carbon footprint, hence its consideration of sourcing electricity from RE.
“As Asia and the Pacific’s climate bank, ADB is committed to lowering its carbon footprint. This
includes sourcing electricity from renewable energy sources such as solar and wind,” said Gosper.
Additionally, ADB director general for corporate services Lakshmi Menon said that despite the substantial size of the ADB headquarters, the firm has successfully managed to lower its energy consumption compared to other buildings of comparable size and occupancy levels.
Menon continued, saying that as part of their environmental initiatives, they had been obtaining their electricity from RE since 2014.
ACEN RES has recognized ADB’s unwavering commitment to renewable energy by bestowing the “Powered by Renewable Energy” seal. This badge is typically reserved for customers who exclusively choose 100% renewable energy sources from ACEN RES.
