Berde Renewables, a portfolio company of Isquared Capital, is a renewable energy solutions provider that aims to make renewable energy accessible to the Philippines private sectors. It has announced a power purchase agreement with Holcim Philippines, a member of the Holcim Group. The agreement pertains to the development of solar rooftop projects on two Holcim plants, located in Bulacan and La Union.
As per the firm, Berde Renewables will be responsible for building, operating, and maintaining these rooftop solar facilities, which will have a combined capacity of 5.5 MWp and an estimated annual generation of 7.8 GWh.
It said that these solar facilities are set to become operational in 2024 and are projected to reduce greenhouse gas emissions by approximately 5,500 tCo2e annually. This initiative aligns with Holcim’s goal to decrease Scope 2 emissions by 65 per cent by 2030.
Holcim Philippines President and CEO, Horia Adrian, said, “The project is a significant decarbonisation milestone, 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.”
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 decarbonisation goals. We will combine our end-to-end in-house capabilities, from project development and construction to operations, with ISquared’s global experience investing in close to 5.8GW of renewable energy assets, to deliver green energy for corporates in the Philippines.”