The Asian Development Bank (ADB) on Thursday said that its headquarters in Manila is now 100-percent powered by renewable energy from geothermal and solar power sources, a move that will help cut its annual carbon footprint by nearly half.
In a statement, the Manila-based lender said this was made possible after it entered into a geothermal power supply agreement with AdventEnergy Inc., a licensed retail electricity supplier of Aboitiz Power.
“As an institution, we are strongly committed to expanding the use of renewable energy across Asia and the Pacific, so it is only fitting that we walk the talk in our own headquarters,” said ADB Vice President Bruce Davis.
Davis said the agreement would allow ADB to cut its annual corporate carbon footprint by nearly 50 percent, with an emission reduction of more than 9,500 tons of carbon dioxide equivalent.
ADB said its headquarters is now powered by renewable energy generated by geothermal plants in Tiwi in Albay province and Makiling-Banahaw in Laguna province, both in Luzon, in addition to existing on-site solar power generation.
The supply contract with AdventEnergy will see ADB purchase an average of 1.5 million kilowatt-hours (kWh) of electricity a month. This will be supplemented by about 50,000 kWh generated monthly from ADB’s rooftop solar panels.
The two sources of energy will meet the entire energy requirements of the headquarters building, where more than 2,600 staff and consultants work each day.
The supply contract also means that ADB will no longer purchase electricity directly from the Manila Electric Co., although it will continue to use the company’s distribution network.
The move follows ADB’s decision to take advantage of electricity reforms in the Philippines, which allow large users to choose their power supplier.
ADB said the contract with AdventEnergy followed a competitive bidding process, and that AdventEnergy was selected because it was the only one that offered a large portion of electricity generated from renewable sources.