The 25 MWp project will power Holcim’s cement manufacturing plants in Bacnotan, La Union (13 MWp),and Norzagaray, Bulacan (12 MWp), generating approximately 40 GWh of clean electricity annually.
The systems are expected to reduce CO₂ emissions by roughly 28,500 tonnes per year – equivalent to removing annually 6,000 cars from the road.
Delivered under a 20-year Power Purchase Agreement (PPA), the project requires no upfront capital from Holcim.
PeakEnergy will handle design, construction, and long-term operation andmaintenance, while Holcim purchases the electricity throughout the durationof 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.
… clean power is now a strategic asset for industry leaders who wish to get long-term visibility, price stability and cost saving from their energy procurement strategies.
“This project represents a breakthrough not just for Peak Energy, but for the renewable energy and sustainable construction sectors in the Philippines,” said Gavin Adda, Chief Executive Officer of Peak Energy.
“Combined, this project is the largest behind-the-meter industrial solar deployment in the country to date. Holcim’s leadership in advancing this type of solution sends a clear signal: clean power is now a strategic asset for industry leaders who wish to get long-term visibility, price stability and cost saving from their energy procurement strategies.”
“We’re proud to enable that shift by delivering technically robust, commercially sound systems that can support both decarbonisation and long-term operational resilience.”
Saeed Ola Ande, SVP, Head of Supply Chain at Holcim Philippines said: “This partnership with Peak Energy strengthens our shift toward cleaner and more resilient operations. By integrating solar power into our La Union and Bulacan plants, we are reducing our carbon footprint while supporting our Net Zero ambition and sustainable manufacturing in the Philippines.”
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, andlong-term growth of leading industrial companies in the region. As other industrial players face the same cost pressures, carbon constraints, and grid uncertainty, this project offers a blueprint for how to move fast, at scale, and without compromise.
AboutPeak Energy
Headquartered in Singapore, PeakEnergy develops, owns, and operates renewable assets across Asia Pacific (APAC).
With over 300 MW of operating assets and 1 GW worth of projects indevelopment, our portfolio spans Japan, Korea, Australia, Taiwan, the Philippines, Thailand, Singapore and Indonesia.
With activities encompassing the full range of renewable energy business models – including utility-scale development, off-site PPAs, onsite PPAs, and energy storage applications – PeakEnergy is a one-stop partner for corporates seeking to decarbonise their operations in APAC.
We believe in establishing long-term partnerships with our corporate customers, to accompany them in their decarbonisation journey, through cleaner, cheaper energy.
An experienced team handles the complete life cycle of our energy assets from origination and development through to operations and decommissioning, employing state-of-the art technology and the industry best practices, respectful of the environment and following world-class HSE standards.
Our business practices, technological and HSE standards are standardised across APAC, but we are implemented and operate locally, with teams in seven countries, and lasting partnerships with local customers, EPCs, vendors, channel partners.
Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets with approximatively $115 billion (USD 79.9 billion) of assets undermanagement.
Our financial and technical strength coupled with our relationshipsin local markets allows us to optimise our capital deployment in high quality assets.
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