Holcim Philippines has signed a 20-year power purchase agreement (PPA) with Singapore-based Peak Energy to develop a 25 MWp behind-the-meter solar project supplying renewable electricity to its cement manufacturing operations.
Under the agreement, Peak Energy will install 13 MWp of solar capacity at Holcim’s Bacnotan plant in La Union and 12 MWp at its Norzagaray facility in Bulacan. The on-site solar systems are expected to generate approximately 40 GWh of electricity annually and reduce carbon emissions by around 28,500 tonnes per year.
The project will be delivered under a long-term PPA structure with no upfront capital expenditure from Holcim. Peak Energy will be responsible for the design, construction, and operation of the systems, while Holcim will purchase the electricity generated over the contract period. The arrangement is intended to shield Holcim’s operations from electricity price volatility by bypassing certain grid-related charges, while supporting the company’s net-zero and decarbonisation targets.