ACEN Renewable Energy Solutions (ACEN RES) has joined hands with the Philippine arm of JPMorgan Chase Bank, N.A., a globally distinguished financial institution, to furnish 100% renewable energy for its national corporate headquarters.
The collaboration operates within the framework of the Retail Competition and Open Access (RCOA) initiative, which grants companies the autonomy to select their preferred retail electricity provider.
The partnership was recently commemorated through a special ceremonial occasion graced by prominent figures from ACEN and JPMorgan Chase.
Through its lessor, Asia Affinity, JPMorgan Chase entered into a Retail Electricity Supply Agreement with ACEN RES, signifying the power source for its towering 25-story office edifice located in Taguig City. The renewable energy will be drawn from ACEN’s array of wind, solar, and geothermal facilities, with the transition to clean energy anticipated to mitigate carbon dioxide emissions equivalent to roughly 4,700 vehicles removed from the streets annually.
Carlos Ma. G. Mendoza, senior country officer of J.P. Morgan, said: “Through this partnership and the shift to renewable energy solutions, we affirm our global commitment to environmental sustainability and our continued efforts to achieve a low carbon footprint for JPMorgan Chase in the Philippines.”
Eric Francia, CEO of ACEN, added: “The Ayala Group and JPMorgan Chase have a long history of cooperation, and we are very proud that this relationship has evolved towards our shared value of sustainability. We are grateful for their trust in ACEN as their renewable energy partner of choice.”