Philippines: Holcim Philippines has appointed I Squared Capital subsidiary Berde Renewables to build, maintain and operate two rooftop solar power plants, at its Bulacan and La Union cement plants, respectively. The solar power plants will have a combined capacity of 7.8GWh/yr and reduce Holcim Philippines’ CO2 emissions by 5500t/yr. The Business Mirror newspaper has reported that the projects advance the producer’s aim to reduce its energy-related CO2 emissions by 65% between 2018 and 2030.
Holcim Philippines president and CEO Horia Adrian noted the 20% reduction in overall CO¬2 emissions that the company has already achieved up to 2022 and said “This project further strengthens our ability to support Holcim's net zero direction and the country's nationally determined contributions.”