Meralco expands RE portfolio, deploys more EV

01 Sep 2023
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Manila Electric Co. (MERALCO) continues pursuing its long-term initiatives toward sustainability as it expands its renewable energy portfolio to 1,880 megawatts (MW) of RE capacity compared to its initial target of 1,500  MW.

This decisive action is part of compliance and supports the Department of Energy’s (DOE) Renewable Portfolio Standards (RPS) policy that aims to increase the RE portion in the country’s energy mix to 35% by 2030 and 50% by 2040 by mandating electricity suppliers to source a portion of their RE requirements at +2.52% per annum.

The portfolio allows MERALCO to reduce its total carbon emissions by 15% vis-a-vis its projected baseline 2030 emissions.

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