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 renewables directly into its industrial operations, without disrupting production on its sites.
“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, CEO 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 decarbonization and long-term operational resilience.”
“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.” said Saeed Ola Ande, SVP, Head of Supply Chain at Holcim 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, and long-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.
