AdventEnergy, the retail electricity supply arm of Aboitiz Power Corp., expanded its commercial renewable energy business after securing a deal to supply clean electricity to 153 China Banking Corp. (Chinabank) branches. 

The company said Wednesday that the agreement will see more than 30 percent of Chinabank’s branch network across Bulacan, Cavite, Laguna, and Metro Manila powered primarily by 2 megawatts of renewable energy.

“In line with our commitment to support the development of renewable energy projects in the country, Chinabank believes that its own operational electricity should be sourced from renewable alternatives whenever possible,” Chinabank President and Chief Executive Officer Romeo D. Uyan Jr. said.

“Our partnership with AdventEnergy enables us to secure clean energy, reduce our carbon footprint, and actively build a more sustainable future.”

“AdventEnergy intends to deliver integrated and sustainable energy solutions that are always-on, always reliable, and always ready to meet the needs of the industries we serve,” said AdventEnergy Vice President for Retail Energy Sales and Services Catherine Del Villar-Pasilaban.

The deal allows Chinabank to secure more stable electricity costs while advancing its sustainability targets, as businesses seek protection from volatile fuel prices. It also strengthens AdventEnergy’s partnership with the SM Group, Chinabank’s majority owner.

The agreement was enabled by the Energy Regulatory Commission’s Retail Aggregation Program, which lets multiple facilities combine their electricity demand to access the retail electricity market. 

It also reflects the expansion of customer choice under the Retail Competition and Open Access program, which lowered the contestability threshold to 100 kilowatts from 500 kilowatts, allowing more businesses to choose their electricity supplier.

AdventEnergy currently supplies electricity to various SM Group businesses, including malls, banks, schools, retail establishments, and affiliated companies, through energy solutions under the Electric Power Industry Reform Act’s customer choice initiatives.