VCDC strengthens green direction and sustainability mission with Renesource partnership

Published October 18, 2021, 12:41 PM, by Manila Bulletin

VCDC, or the Victor Consunji Development Corp., is steadily gaining ground not only as a niche developer of coveted projects in the country; it is now carving a reputation as a sustainable developer conscious of its carbon footprint.

“The drive toward sustainability is at the core of our developments way back when we started,” said Victor Consunji, CEO. “We are aware of the huge impact of construction and development to our environment, so we make sure to implement green practices that are widely implemented and meet the best-of-world standards.”

The commitment of VCDC to the environment is not just lip service as it is proactive in the search of like-minded partners that would further enhance the sustainability mission of VCDC. One of its newest partnerships was forged with Renesource, a company that empowers Filipino homeowners and businesses by lowering their carbon footprint, as well as their energy costs.

“It was very timely for us to partner with Renesource, considering all the calls for us to help save the planet amid the pandemic,” said Consunji. “Renesource would bring in its expertise to help us reduce, or gradually eradicate, the carbon footprint of our construction activities. They would also help us educate our homeowners so they, too, would benefit from energy savings.”

Renesource, founded in 2016, and its team of European and local solar experts are trusted by investment companies from around the world, including some of the top financial institutions in the country, such as PINAI (Philippine Investment Alliance for Infrastructure), BPI (Bank of the Philippine Islands), IFC (International Finance Corporation, World Bank Group), ADB (Asian Development Bank), RCBC (Rizal Commercial Banking Corporation), and Chinabank.

Even if it is still a young company, Renesource was able to build a credible reputation, allowing it to form partnerships with various investors and offer leasing solutions for own use Self-Generating Facilities (SGFs), allowing the clients to save on energy immediately, with no upfront investment. Renesource’s expertise, credibility, and wide network worldwide are among the reasons why VCDC partnered with the company.

Representing Renesource is its CEO, Tim Wilkinson, an electrical engineer and computer science graduate from Canada. Wilkinson has built a successful 10-year career as an Applications Engineer, Automation Specialist, and Technical Sales Manager, providing robotics and quality control solutions to clients such as General Motors, Tesla, Denso, Toyota, among others.

“Energy remains as one of the top input costs for most businesses. At Renesource, we provide residential and commercial consumers with continuous, cost-effective power supply, yielding more than 25 percent of returns per year on average based on self-consumption savings,” said Wilkinson. “For utility scale applications, companies from around the world trust Renesource time and time again to assess the financial viability and risks of major solar infrastructure projects. Many of our clients will engage Renesource from the start of land development, right through to the finish of construction and into the operations and maintenance phase.”

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