HOLCIM Philippines, Inc. said on Thursday that its two facilities in Luzon are set to be powered by Berde Renewables, Inc. with clean energy.
In a stock exchange disclosure, Holcim said it had signed a 20-year power purchase agreement with Berde Renewables for solar rooftop projects.
Berde Renewables will build, operate and maintain Holcim’s power systems in Bulacan and La Union with a combined capacity of 5.5 megawatt-peak and an annual generation of about 7.8 gigawatt-hours.
Holcim said the solar rooftop facilities are expected to be operational by 2024 and will help reduce its greenhouse gas emissions by 5,500 tons of carbon dioxide equivalent annually.
“Berde Renewables is proud to partner with Holcim to deliver clean energy to their plants and support their decarbonization goals. We will combine our end-to-end in-house capabilities, from project development and construction to operations,” said Patrick Zhu, chief executive officer of Berde Renewables.
The listed company also said it would continue to pursue its portfolio of low-carbon cement to accelerate its net-zero emission targets.
Horia Ciprian-Adrian, president and chief executive officer of Holcim, said the project further strengthens the company’s ability to support the Holcim group’s net-zero direction and the country’s nationally determined contributions.
“We thank Berde Renewables for this partnership and look forward to reaching new heights in decarbonizing buildings in the Philippines with their support,” he said.
Berde Renewables is the distributed energy platform of I Squared Capital, a private equity company engaged in infrastructure investments.
Berde Renewables develops, constructs, and operates distributed renewable energy projects. — Ashley Erika O. Jose
Holcim taps Berde Renewables for clean energy
Philippines Pandemic
إرسال تعليق