Holcim has signed a long-term power purchase agreement (PPA) with Peak Energy to deploy one of the Philippines’ largest behind-the-meter industrial solar projects, covering two of its cement manufacturing facilities.
Under the agreement, a 25 MWp solar photovoltaic system will be installed across Holcim’s Bacnotan plant in La Union (13 MWp) and its Norzagaray plant in Bulacan (12 MWp). The installations are expected to generate around 40 GWh of electricity annually and reduce carbon dioxide emissions by approximately 28,500 tonnes per year. The project will be delivered under a 20-year PPA, with Peak Energy responsible for design, construction, ownership, operation, and maintenance, while Holcim will purchase the electricity produced.
The solar deployment forms part of Holcim Philippines’ broader decarbonisation and net-zero strategy, integrating renewable energy directly into industrial operations without upfront capital expenditure. For Peak Energy, backed by Stonepeak Infrastructure Partners, the project represents a major milestone in scaling behind-the-meter solar solutions for energy-intensive industries in Southeast Asia and demonstrates a replicable model for cost-stable, low-carbon power supply in the region.