Filinvest Group switches 11 facilities to renewable energy

Filinvest Group has transitioned eleven of its facilities to renewable energy sources through its subsidiary, FDC Retail Electricity Sales Corp. (FDC RES).

These facilities, representing over 3,000 kilowatts of contracted demand, were enrolled in either the Retail Aggregation Program (RAP) or the Green Energy Option Program (GEOP).

RAP allows individuals to combine energy requirements and collectively contract power from a licensed Retail Electricity Supplier, making renewable energy accessible to small businesses.

GEOP enables consumers with an average monthly demand of over 100kW to source their energy from renewable energy suppliers.

This move allows Filinvest facilities to access market-based electricity rates and secure cleaner, more cost-efficient power, enabling businesses to reduce their carbon footprint.

FDC RES President Roderick Fernandez stated that under the retail aggregation program, four facilities have aggregated over 1,000kW of demand, marking Filinvest's first switch under the expanded RAP.

Filinvest REIT Corp. also announced that 94% of its office portfolio, encompassing 30 out of 40 buildings, is already powered by renewables, aligning with tenant priorities for lower costs and ESG goals.