Holcim has signed a long-term power purchase agreement (PPA) with renewable energy developer Peak Energy to deploy 25 MWp of behind-the-meter solar capacity across two of its cement plants in the Philippines, marking the largest industrial onsite solar project in the country to date.
Under the agreement, Peak Energy will finance, design, build, own, operate and maintain the solar installations at Holcim’s Bacnotan plant in La Union (13 MWp) and Norzagaray facility in Bulacan (12 MWp). The generated electricity will be consumed directly by Holcim’s operations, reducing reliance on grid power and enhancing energy efficiency.
The solar plants are expected to generate around 40 GWh of clean electricity annually, helping cut approximately 28,500 tonnes of carbon dioxide emissions per year. This is equivalent to removing nearly 6,000 passenger vehicles from the road, contributing significantly to Holcim’s decarbonisation and sustainability targets.
The project follows a 20-year PPA structure, enabling Holcim to access renewable energy without upfront capital investment while securing long-term power price stability. Peak Energy will assume full responsibility for project development, operations and performance, allowing Holcim to focus on its core manufacturing activities.
The deal strengthens Holcim’s strategy to integrate renewable energy into its production footprint and supports its global commitment to net-zero emissions. It also reinforces Peak Energy’s position in the Southeast Asian corporate renewable energy market, particularly in the deployment of large-scale behind-the-meter solar solutions for industrial customers.
The Philippines continues to emerge as a key market for corporate renewable energy procurement, with industrial players increasingly adopting onsite solar projects to manage energy costs, improve sustainability performance and enhance operational resilience.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
