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Holcim Philippines signs 20-year deal with Blueleaf Energy to become country’s first cement maker with on-site solar power plant

19 November 2021

To further improve its sustainability performance, leading building solutions provider Holcim Philippines, Inc. has signed a 20-year power purchase agreement with Blueleaf Energy, a leading renewable energy company, to deliver solar power to its plants in Bulacan and La Union.

Under the agreement, Blueleaf Energy will finance, build, operate, and maintain solar energy facilities in Norzagaray, Bulacan and Bacnotan, La Union with a combined capacity of 29 MWp and an annual generation of more than 50 GWh that will supply up to 15% of the energy requirements of Holcim Philippines’ plants there. The solar energy facilities are scheduled to be completed in 2024. The partnership is projected to significantly reduce the power costs and carbon footprint of Holcim Philippines. The parties held a signing ceremony on November 16, 2021.

The deal marks Holcim Philippines’ transition to sustainable cleaner energy for cement production. Manufacturing cement is energy-intensive so the shift to renewable power enables Holcim Philippines to conserve natural resources and reduce CO2 emissions.

Horia Adrian, President and CEO of Holcim Philippines: “Reducing the carbon footprint of our operations is one of our key sustainability commitments. This year, we have made great progress in this area by stepping up production of blended cements and replacing coal with alternative fuels. Shifting to renewable solar energy will help us further improve as an environment steward and a partner in building progress in the country sustainably.”

Raghuram Natarajan, CEO of Blueleaf Energy: “We are pleased to continue to build our strong track record in delivering world-class clean energy solutions in the region and supporting large multinational companies like Holcim. With our credentials of developing and operating over 2 GW of projects, of which more than 250 MW in the Philippines, this partnership also underscores our strong capability to support corporates in Asia in achieving their clean energy ambitions.”

About Holcim Philippines

Holcim Philippines, Inc. (Philippine Stock Exchange: HLCM) is one of the leading building solution companies in the country. The Company has a deep portfolio of innovative solutions fostered by a full range of products from structuring to finishing applications that can help local builders execute with high performance and efficiency a wide range of projects from massive infrastructure to simple home repairs.

With cement manufacturing facilities in La Union, Bulacan, Batangas, Misamis Oriental and Davao, as well as aggregates and dry mix business and technical support facilities for building solutions, Holcim Philippines is a reliable partner of builders in the country.

Holcim Philippines is a member of the Holcim Group, the world leader in the building materials industry present in 80 countries with over 70,000 employees.

About Holcim

Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving the circular economy as a world leader in recycling to build more with less. Holcim is the company behind some of the world’s most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim and Lafarge. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

More information is available on www.holcim.com

About Blueleaf Energy

Blueleaf Energy’s mission is to develop, deliver and operate safe, high quality, ethical onshore renewable energy projects, delivering a greener energy mix and lower power bills. We specialize in the development, finance, construction and operation of commercial and industrial (C&I), utility scale solar systems, as well as onshore wind and battery storage projects across the Asia Pacific region.

With over 20 years of history, we have developed, built and operated approximately 2 GW of solar capacity globally, including over 500 MW in the Asia Pacific region.

*Blueleaf Energy is a portfolio company owned by Macquarie’s Green Investment Group (GIG), operating on a standalone basis.

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