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The milestone was formalized during a handover ceremony with First Gen Corp. at Eton’s Makati headquarters, where representatives from participating developments received wall markers signifying their connection to renewable geothermal power.
Why it matters
The move comes as the Philippine real estate sector gradually increases the adoption of renewable energy amid growing pressure from tenants, investors, and regulators to improve sustainability performance and reduce exposure to volatile energy costs.
For Eton, the transition covers a mix of office, commercial, residential, and mixed-use developments, with total contracted demand exceeding 11 megawatts.
The details
The first phase involved six office and commercial properties that shifted from conventional power suppliers to renewable energy under the Retail Competition and Open Access framework. These assets account for 8.7 megawatts of contracted demand sourced from the Tongonan Geothermal Power Plant.
The developments include Eton Centris Cyberpod Five, Eton Centris Cyberpod One, Eton Centris Cyberpod Three and Four, Eton Centris Walk, Eton Cyberpod Corinthian, and Eton WestEnd Square.
A second phase expanded the initiative to eight additional developments under the Green Energy Option Program.
These properties, powered by the Unified Leyte Geothermal Power Plant, added 2.45 megawatts of contracted demand and extended renewable energy coverage to Eton’s residential and mixed-use portfolio for the first time, according to a company release.
What they’re saying
"Our shift to 100 percent 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. We are even more grateful that this important initiative will also allow us sustainable savings, especially amid the oil and energy crisis,” Eton Properties chief finance officer Che Mutuc said.
“This will not only help our bottom line but also that of our tenants and homeowners as we flow the savings with them. As we mount these markers, may they serve not as symbols to boast about but as reminders of our continuing responsibility to do what is right for our communities and for the environment. This is a start, and part of a long-term journey to sustainability," Mutuc added.
The renewable energy transition is part of Eton’s broader sustainability agenda under its Beyond Green platform and ETON Sustainability Framework, which guides governance, environmental, and community-focused initiatives across the company’s operations, the company said.
Bottom line
By shifting its entire Metro Manila portfolio to geothermal power, Eton is seeking to strengthen energy price stability for tenants and homeowners while advancing its long-term decarbonization and net-zero ambitions in a market still largely dependent on coal-fired electricity. —Princess Daisy C. Ominga| Ed: Corrie S. Narisma
