CITY OF MALOLOS, Bulacan — SM Prime Holdings, Inc. (SM Prime) and Citicore Renewable Energy Company (CREC) signed a Memorandum of Agreement recently as a joint commitment to champion renewable energy.
Through this partnership, SM Prime will source its energy requirements of up to 90 megawatts (MWac) from CREC’s upcoming Lumbangan Solar Power Plant in Tuy, Batangas.
The long-term agreement will commence in the first half of 2024.
This is in line with the Retail Competition and Open Access (RCOA) policies of the Department of Energy. (UnliNews Online)