Holcim, a global leader in innovative and sustainable building solutions, has signed a long-term Power Purchase Agreement (PPA) with Peak Energy, to deploy in the Philippines one of the largest behind-the-meter solar installations.
The 25 MegaWatt-peak (MWp) project will power Holcim’s cement manufacturing plants in Bacnotan, La Union (13 MWp), and Norzagaray, Bulacan (12 MWp), generating approximately 40 gigawatt-hours (GWh) of clean electricity annually. The systems are expected to reduce CO2 emissions by roughly 28,500 tons per year – equivalent to removing annually 6,000 cars from the road.
Delivered under a 20-year Power Purchase Agreement, the project requires no upfront capital from Holcim. Peak Energy will handle design, construction, and long-term operation and maintenance, while Holcim purchases the electricity throughout the duration of this PPA. This enables Holcim to benefit from significant cost saving on their electricity bill from day one. It also supports the integration of renewables directly into its industrial operations, without disrupting production on its sites.
Backed by Stonepeak Infrastructure Partners, a leading alternative investment firm, Peak Energy delivers clean, affordable and reliable energy solutions to industrial clients across. This collaboration reflects how renewable energy is a core input to business continuity, cost stability, and long-term growth of leading industrial companies in the region.
