Berde Renewables Inc., a distributed renewable energy company under I Squared Capital, has expanded its partnership with Holcim Philippines to boost clean energy capacity in Mindanao.
Following the success of last year’s solar rooftop projects, the companies will now collaborate on major solar installations at Holcim facilities in Davao City and Lugait, Misamis Oriental.
Under the new agreement, Berde Renewables will handle the design, construction and operation of additional solar facilities, increasing the combined capacity to 12.79 megawatt-peak.
These installations are projected to generate about 21,263 megawatt-hours of clean energy each year.
They are also expected to reduce carbon emissions by approximately 14,000 metric tons annually.
The initiative supports Holcim’s target to cut Scope 2 emissions by 65 percent by 2030.
“Being selected once again through a highly competitive process is a testament to Berde’s proven track record and the trust that Holcim Philippines places in our expertise,” said Patrick Zhu, CEO of Berde Renewables.
“We are truly honored to extend our partnership and work together to accelerate the Philippines’ transition to renewable energy,” Zhu added.
“Berde Renewables’ exceptional performance makes them an indispensable partner in advancing our sustainability goals,” said Nicolas George, CEO of Holcim Philippines.
“This partnership is pivotal in reducing our environmental impact and accelerating the country’s shift to renewable energy,” George said.
