Berde Renewables, a distributed energy platform of I Squared Capital, announced that it has signed a power purchase agreement with Holcim Philippines, a member of the Holcim Group, for solar rooftop projects on two of its plants.
Berde Renewables will build, operate and maintain rooftop solar facilities on Holcim’s plants in Bulacan and La Union with a combined capacity of 5.5 MWp and an annual generation of approximately 7.8 GWh.
The rooftop solar facilities are expected to be commissioned in 2024 and projected to reduce greenhouse gas emissions by approximately 5,500 tCo2e per year. The project will accelerate Holcim’s journey to reduce Scope 2 emissions by 65 percent by 2030.
