Global warming has created tons of challenges especially when it comes to resources and the need for renewable energy has never been more urgent. Establishments, such as malls, consume a significant amount of energy and that is in itself can lead to crisis. But SM has been preparing for this and has been at the forefront when it comes to adopting renewable energy solutions to help reduce the impact of depleting resources.
Understanding this, SM has been continuously ramping up its renewable energy initiatives by adopting solutions that lower its carbon footprint. One such solution is the adoption of solar photovoltaic (PV) systems, which provide clean and renewable energy by converting sunlight directly into electricity. This allows SM to reduce its reliance on fossil fuels, lower energy costs and contribute to a greener environment.
As of February 2025, SM is nearing full operations for the solar PV systems installed in 45 of its properties across the country, with more properties slated for retrofitting soon.
Its use of solar PV systems is just one of the many ways the company has been taking a more sustainable approach to energy use while supporting the country in achieving its sustainability goals. Its efforts continue to be recognized by reputable institutions both locally and internationally.
SM Mall of Asia, flagship mall of SM Supermalls, was recognized at the 2024 Energy Efficiency Excellence Awards and Sustainable Energy Awards organized by the DOE. It received the Sustainable Energy Award for a Private Institution for its solar PV system, which is capable of generating 2.7-MW of peak energy- which is enough to power 1,790 households for an entire year.
SM City Butuan was also cited under the New and Existing Building category at the Association of Southeast Asian Nations (ASEAN) Energy Awards 2024 Best Practices Competition for Energy-Efficient Buildings. Endorsed by the DOE to represent the Philippines, the mall was honored for advancing efficiency and conservation (EEC) innovations in its design and operations.
Aside from integrating renewable energy resources into its mall operations, SM is also committed to support the DOE in achieving its targets under the Renewable Energy Roadmap 2017-2040, particularly its goal to increase the country's renewable energy installed capacity to at least 20,000MW by 2040.
SM collaborates with partner solar PV system providers under the Energy Regulatory Commission (ERC) Distributed Energy Resources program. These service contracts define the conditions of the partnership, project timelines and the assigned malls for each provider, aligning with SM's adoption of renewable energy.
"At SM, sustainability is a commitments," said Engr. Liza Silerio, VP for Corporate Compliance Group at SM Supermalls. "Our growing solar portfolio demonstrates our dedication to a greener future for the Philippines, in partnership with the DOE and our valued partners."
"Together. we're not just generating cost savings- we're shaping a more sustainable future by supporting long-term environmental goals of our partners while contributing to the Philippines' green transition," said Green Heat Corporation Director Glenn Tong. Green Heat is one of SM's solar PV system providers.
Beyond its environmental and economic benefits, SM's implementation of solar PV systems services as a progressive model for public-private partnerships (PPPs). By collaborating with the DOE, SM gains access to technical expertise and financial incentives while helping the country meet its sustainability goals. This approach promotes innovation, creates jobs and sets a precedent for other commercial establishments to follow.
Klook.com"The DOE has implemented sustainable energy development strategies and institutionalized national and local capabilities, and we are heartened by the strong support we have received from both the private and public sectors," said Rowena Cristina Guevara, DOE Undersecretary during her opening speed at the Sustainable Energy Awards.
0 comments:
Post a Comment