Aboitiz Power Corp. will supply clean and renewable energy to consumer goods giant Nestlé Philippines
The partnership will help Nestle with its goal of reducing its carbon footprint and achieving net-zero greenhouse gas emissions.
Nestlé PH will procure RE for six of its facilities, sourced from the Tiwi and MakBan geothermal power plants, operated and managed by AP Renewables, Inc. (APRI), a subsidiary of Aboitiz Power.
“Our transition to 100 percent clean and renewable electricity in the country is a high priority. We are confident that we are on the right track towards achieving net-zero greenhouse gas emissions,” Nestlé PH chairman and CEO Kais Marzouki said.
Aboitiz Power, together with its partners, is the Philippines’ largest owner and operator of renewable energy based on installed capacity.
The partnership between Nestlé PH and Aboitiz Power began in 2013 when the former started its energy transition. Aboitiz Power supplies clean energy to all of Nestle’s factories in Luzon as well as its local head office in Makati City.
Nestle, the world’s largest food and beverage corporation, aims to achieve net-zero greenhouse gas emissions by 2050 and reduce them in half by 2030.
To achieve this, Nestlé will, among other measures, transition to 100 percent clean and renewable electricity across its 800 global sites by 2025. In 2021, the Nestlé group had already attained 63.7 percent clean and renewable energy sourcing.
“We work constantly to deliver the quality of energy that will help power the needs of our partners and see their vision of environmental conservation becoming a reality. We are happy to support Nestlé Philippines as it pursues sustainable practices and maximizes the use of renewable energy to create a healthier future for the planet,” said Sandro Aboitiz, Senior Vice President of Aboitiz Power’s Commercial Operations Business Unit.
Aboitiz Power is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services.
Together with its partners, AboitizPower is the Philippines’ largest owner and operator of renewable energy based on installed capacity.
The company plans to build an additional 3,700 MW of renewable energy capacity by 2030.