Berde Agrees to Purchase Power From Holcim Philippines
Berde Renewables, an I Squared Capital distributed energy platform, said that it has inked a power purchase agreement with Holcim Philippines, a Holcim Group member, for solar rooftop projects on two of its plants. Berde Renewables will construct, manage, and maintain rooftop solar systems with a total capacity of 5.5 MWp at Holcim's operations in Bulacan and La Union.
The rooftop solar facilities are expected to be commissioned in 2024 and projected to reduce greenhouse gas emissions by approximately 5,500 tCo2e per year. The project will accelerate Holcim’s journey to reduce Scope 2 emissions by 65 percent by 2030, as per business wire.
Patrick Zhu, CEO of Berde Renewables, said: “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, 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. The project is the first rooftop solar project for the cement industry in the Philippines and underscores Berde Renewables’ capabilities to support commercial and industrial consumers in their transition to clean energy.”
Holcim Philippines President and CEO Horia Adrian: “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. This project further strengthens our ability to support the Holcim Group’s Net Zero direction and the country’s Nationally Determined Contributions as well as help the country build greener. We thank Berde Renewables for this partnership and look forward to reaching new heights in decarbonizing building with their support.”