Meralco taps 1,880 MW of clean energy to comply with gov’t regulations

Power retailer Manila Electric Co. said over the weekend it is sourcing more renewable energy in its supply portfolio as

Meralco said it contracted 1,880 megawatts of RE capacity from various suppliers, breaching its initial target of 1,500 MW, in compliance with and in support of the Department of Energy’s Renewable Portfolio Standards.

Meralco said RE was expected to account for 22 percent of its supply portfolio by 2030, and 18 percent of Meralco’s retail electricity supplier MPower Inc. by 2025 through strategic sourcing initiatives. “Our just, orderly and affordable transition to clean energy is at the core of our sustainability journey, and this commitment solidifies our drive to bring to life projects that will help serve the country’s growing energy demand with greener power,” Meralco first vice president and chief sustainability officer Raymond Ravelo said in a statement.

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