54 Megaworld properties now 100% powered by renewable energy

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These properties are under its real estate investment trust — MREIT, Incorporated

MANILA, Philippines – Several Megaworld properties are now 100% powered by renewable energy.

“This milestone underscores Megaworld’s long-term commitment to environmental stewardship, and we are fully committed to extending these efforts to all our developments as we work towards building townships of the future powered by fully sustainable energy sources,” Jose Arnulfo Batac, head of sustainability at Megaworld, said in a statement on Thursday, May 29.

The properties that made the shift are considered “contestable customers” or those that consume 500 kW or more electricity. This means they are eligible to choose their electricity source from licensed Retail Energy Suppliers with options for renewable energy.

The properties involved are the 54 under its real estate investment trust — MREIT, Incorporated. This spans 26 office buildings, 15 malls and retail centers, 8 hotels, and several residential properties in Taguig, Parañaque, and Makati.

The development comes over a year after the listed township developer set sights to transition company-owned properties to renewable energy.

Megaworld partnered with Meralco subsidiary MPower in March 2024 and eventually also worked with ACEN for its residential and office properties.

For the rest of its properties, or those that did not make the cut to be classified as “contestable customers,” Megaworld is hoping to shift their electricity to renewable sources by 2030. – Rappler.com