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FEDERAL LAND, Inc., the property development arm of GT Capital Holdings, Inc., has shifted 4 residential developments inside its Metropolitan Park complex in Pasay City to 100% renewable energy (RE) under a multi-year supply agreement with ACEN Renewable Energy Solutions (ACEN RES), the retail electricity unit of ACEN Corp.<\/span><\/p>\n The agreement covers the ready-for-occupancy Six Senses Residences, Mi Casa Residences, Palm Beach Villas, and Palm Beach West, the corporate said in a press release on Friday last week.<\/p>\n The projects shifted to renewable energy through the federal government\u2019s Green Energy Option Program (GEOP) and Retail Aggregation Program (RAP). GEOP allows electricity end-users with a minimum monthly demand of 100 kilowatts to decide on their renewable energy supplier, while RAP enables multiple facilities to mix their electricity demand to qualify for renewable energy sourcing.<\/span><\/p>\n Federal Property Management Corp., the property management arm of Federal Land, led the transition.<\/p>\n The corporate said the shift to renewable energy is meant to support its sustainability initiatives while reducing the developments\u2019 exposure to electricity market volatility.<\/p>\n \u201cThis partnership with Federal Land demonstrates how renewable energy could be integrated into large-scale residential developments.<\/p>\n By transitioning these properties to our renewable energy portfolio, we’re helping Federal Land enhance the long-term value and resilience of its developments while advancing its sustainability ambitions,\u201d said Tony Valdez, senior vice-president for market transformation and retail at ACEN.<\/p>\n ACEN, the listed energy platform of the Ayala group, has about 7 gigawatts of attributable renewable energy capability across the Asia-Pacific region. \u2014 Juliana Chloe A. Gonzales<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" FEDERALLAND.PH FEDERAL LAND, Inc., the property development arm of GT Capital Holdings, Inc., has shifted 4 residential developments inside its Metropolitan Park complex in Pasay City to 100% renewable energy (RE) under a multi-year supply agreement with ACEN Renewable Energy Solutions (ACEN RES), the retail electricity unit of ACEN Corp. The agreement covers the ready-for-occupancy […]<\/p>\n","protected":false},"author":1,"featured_media":361538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[10755,452,32291,10974,14534],"class_list":["post-361537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-federal","tag-land","tag-pasay","tag-projects","tag-shifts"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t