Manila Electric Co., the country’s largest electric distribution utility, started its transition to clean energy that will be implemented in three phases until 2050.
“We in Meralco are embarking on a just, orderly and affordable transition to clean energy across three horizons as we drive to a coal-free Philippines before 2050,” Meralco president Ray Espinosa said during the CEPSI 2021: The Energy Digicon of Asia-Pacific conference.
Espinosa said that in the first decade from 2021 to 2030, Meralco would begin the low-carbon transition to serve the Philippine’s growing energy requirements with earth-friendly energy. To achieve the objectives for Horizon 1, Meralco committed clear shifts in both energy sourcing and power generation.
“On energy sourcing, we aim to secure 1,500 megawatts of our power requirements in the next five years from renewable energy sources. This will allow us to shift our mid-merit supply representing around 29 percent of our total power supply mix to clean energy,” Espinosa said.
Meralco will accelerate its renewable energy program by building at least 1,500 MW of attributable clean energy capacity in the next five to seven years.