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Manila Bulletin devider Business devider The Stock Market devider Holcim PH, Berde Renewables sign solar power agreement

Holcim PH, Berde Renewables sign solar power agreement

Published Oct 27, 2023 08:40 am

Building solutions firm Holcim Philippines, a member of the Holcim Group, signed a power purchase agreement with I Squared Captial’s energy platform Berde Renewables for rooftop solar projects at Holcim’s plants in Bulacan and La Union.

As per the agreement, Berde Renewables will install, operate, and maintain the solar facilities at the Bulacan and La Union plants, which will provide a combined capacity of 5.5 MWp and annual generation of 7.8 GWh. The facilities will be commissioned in 2024.

Using rooftop solar power at the plants are expected to help Holcim accelerate its reduction of greenhouse gas (GHG) emissions by 5,500 tCo2e per year, and help the company decrease its Scope 2 emissions by 65 percent by 2030.

“We have reached significant decarbonization milestones, reducing our carbon footprint by more than 20 percent since 2018, with our focus on blended cements, alternative fuels and raw materials, and operational efficiency,” said Holcim Philippines President and CEO Horia Adrian.

“This project further strengthens our ability to support the Holcim Group’s Net Zero direction and the country’s Nationally Determined Contributions,” he added.

Berde Renewables CEO Patrick Zhu said this is the first rooftop solar project for the cement industry in the country.

“We will combine our end-to-end in-house capabilities, from project development and construction to operations, with I Squared’s global experience investing in close to 5.8 gigawatts of renewable energy assets, to deliver green energy for corporates in the Philippines,” added Zhu.  
 

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