With over 3,200 solar modules installed, the PV system at SteelAsia’s Meycauayan, Bulacan facility generates around 2,700 MWh of renewable electricity annually. This initiative not only delivers significant cost savings for SteelAsia but also reduces the company’s carbon footprint by approximately 2,300 tons of CO2 emissions each year, equivalent to planting over 34,500 trees.
As part of the 10-year long term solar agreement, TotalEnergies Eneos fully funded, installed, and will operate the solar system throughout the tenure. SteelAsia will purchase the electricity produced during the 10-year period with no additional upfront costs.
The initiative is part of SteelAsia’ wider decarbonization strategy to integrate renewable energy sources across its operations. Two of its other plants – the Calaca green steel manufacturing plant and the Compostela, Cebu rolling mill – are already powered by geothermal energy.
“Sustainability is at the core of our vision for the future of steel manufacturing”, shared Andre Sy, President of SteelAsia. “This solar project with TotalEnergies ENEOS is a crucial step in reducing our environmental impact while ensuring energy sufficiency across our operations.”
“The steel industry is energy intensive, and we understand the need for improved energy efficiency. We are delighted to be SteelAsia’s trusted partner for their first solar rooftop project, supporting them on their decarbonisation journey and contributing to the development of sustainable steel industry in the Philippines,” said Ingrid Jaumain, Zone Director of TotalEnergies Eneos Renewables Philippines Project Corp.
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