First Gen Corporation has pledged to deliver 13 gigawatts (GW), or 13,000 megawatts (MW), of clean and renewable energy by 2030 to support the Philippine government’s target of a 35 percent renewable energy share in the energy mix.
First Gen vice president Carlos Lorenzo Vega, during an interview on Thursday, emphasized the company’s commitment to forging “collaborative pathways to a decarbonized and regenerative future.”
Vega, who was here for a solar power agreement with Silliman University, said the company’s renewable energy portfolio by 2030 will include geothermal, solar, wind, and hydro sources.
“This is a significant step in helping the country meet its target,” Vega said.
He noted that First Gen’s transition strategy includes the use of natural gas as a bridge fuel to address the current shortfall in renewable energy needed for full decarbonization.
First Gen’s subsidiary, Energy Development Corporation, generates over 60 percent of the country’s geothermal energy, making it one of the world’s largest producers.
With 28 solar, wind, hydro, and geothermal power plants, First Gen has a total installed capacity of 1,651 MW.
Including its four natural gas plants, which provide a transition fuel to ensure grid stability and energy security, the company delivers 3,668 MW of low-carbon power.
Vega also highlighted First Gen’s efforts to expand partnerships in Negros Oriental under its Net Zero Carbon Alliance.
Silliman University is the alliance’s first partner in the province, and Vega said discussions with other companies in the region are ongoing.
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