Eton completes full RE switch across Metro Manila

ETON PROPERTIES Philippines, Inc. has completed a portfolio-wide shift to 100% renewable energy (RE) across 14 developments following a partnership with First Gen Corp., moving away from fossil-fuel-based power supply.

“Our shift to 100% renewable energy across all our properties in Metro Manila reflects both our belief in sustainability and more importantly, our commitment to helping restore a greener earth,” Eton Chief Financial Officer Maria Celeste Casibang-Mutuc said in a statement last week.

She said the move would also help lower operating costs as energy prices remain elevated, with savings expected to benefit tenants and homeowners.

Eton contracted 8.7 megawatts (MW) of renewable power under the retail competition and open access framework, sourced from geothermal facilities, covering major assets in Metro Manila.

The shift is expected to generate about 33 million kilowatt-hours annually and cut carbon emissions by more than 21,000 metric tons, according to company estimates.

This year, the company added 2.45 MW through the green energy option program, covering residential and mixed-use buildings including Eton Tower Makati and One Archers Place.

Combined, more than 11 MW of geothermal energy now powers the portfolio.

Eton said the shift is part of its sustainability framework, which integrates environmental goals into day-to-day operations.

“Sustainability governance only works when it is specific, measurable and owned,” said Donna Kristine B. Salgado, corporate communications and sustainability head.

She said the framework ensures the transition is part of a long-term plan rather than a one-off move.

First Gen Corp., which supplies the power, said geothermal energy provides stable 24-hour electricity and a cleaner alternative to coal still widely used in the property sector.

Covered assets include Eton Centris Cyberpod Five, Cyberpod One, Cyberpod Three and Four, Eton Centris Walk, Cyberpod Corinthian and Eton WestEnd Square.

This year’s green energy option program expansion added 2.45 MW covering Eton Residences Greenbelt, 8 Adriatico, Eton Tower Makati, One Archers Place, Cyberpod Two, Eton Centris Station, Blakes Tower and Eton Square Ortigas.

It is expected to reduce emissions equivalent to removing more than 4,000 passenger vehicles from the road annually, based on company estimates.

First Gen Corp. is the energy arm of First Philippine Holdings Corp. under the Lopez Group, operating geothermal, hydro, natural gas, solar and wind facilities. — Juliana Chloe A. Gonzales