Lopez-led First Gen Corp. (FGEN) is powering Wilmar Edible Oils Philippines Inc.’s shift to clean energy, supplying geothermal power to the company’s processing plant in Misamis Oriental amid an ongoing decarbonization drive.
Under the supply agreement, FGEN will deliver geothermal energy from its Mt. Apo plant in Cotabato to power Wilmar’s facility in Gingoog, Misamis Oriental, which handles copra crushing, processing, and edible oil refining.
“Geothermal power is the only RE source that has baseload capability which can support the electricity demand of industries, while ensuring a reduction in its carbon footprint,” FGEN chief customer engagement officer Carlo Vega said in a statement on Sunday.
“We remain committed to supporting Wilmar as it continues to embed sustainability across its operations in the Philippines,” he added.
Meanwhile, Wilmar Chief Financial Officer David Lim said the partnership with FGEN supports the company’s push for responsible operations and climate action while ensuring reliable power for its facilities.
“Since energy is typically one of the major sources of operational emissions, shifting to RE offers a practical, measurable way to reduce environmental impact while supporting long-term business continuity and cost stability,” Lim said.
FGEN operates over 1,700 megawatts (MW) of renewable energy capacity from more than 22 geothermal, wind, solar, and hydro facilities nationwide.
It also holds a 40-percent stake in four gas-fired power plants with a combined capacity of 2,017 MW, alongside majority owner Prime Infrastructure Capital, Inc.
Over the next five years, the company plans to expand its renewable and low-carbon portfolio to 13 gigawatts.