Philippines: Holcim has signed a deal with Singapore-based Peak Energy, committing to procure electricity from a 25MW behind-the-metre solar park in the Philippines.
The 20-year power purchase agreement (PPA) will facilitate the construction of two plants with capacities of 13MW and 12MW, according to Peak Energy.
The renewables developer and power producer, itself owned by US investment firm Stonepeak Infrastructure Partners, will build, install, operate and maintain the facilities, while Holcim Philippines will use the power at its cement manufacturing plants in Bacnotan, La Union, and Norzagaray, Bulacan.
Once commissioned, the photovoltaic farms will be capable of producing around 40GWh of electricity annually, mitigating around 28,500t/yr of CO2. Together, they will create the largest behind-the-meter industrial solar complex in the Philippines.
