Blueleaf to install 29 MWp of solar under PPA with Holcim Philippines

• Blueleaf Energy will mount 29 MWp of solar power capability to provide sustainable electrical power for two concrete plants of Holcim Philippines (PSE: HLCM).

Under a 20-year power purchase agreement (PPA), Blueleaf Energy will certainly fund, construct, operate and preserve the solar parks at Holcim Philippines' plants in Norzagaray, Bulacan as well as Bacnotan, La Union, a declaration revealed on Friday. The predicted annual result of greater than 50 GWh will supply as much as 15% of the cement manufacturer's energy requires at those plants.

The solar projects are set up to be finished in 2024.

"Minimizing the carbon footprint of our operations is among our vital sustainability commitments. This year, we have made great progression in this field by stepping up production of combined cements as well as replacing coal with alternative fuels," Holcim Philippines president and chief executive officer Horia Adrian stated.

The cement maker, a subsidiary of Swiss building materials group Holcim Ltd (SWX: HOLN), has a total amount of 5 production facilities as well as an accumulations and also completely dry mix service as well as technical support facilities for developing solutions.

Blueleaf Energy, which is a portfolio company of Australia's Macquarie Group (ASX: MQG), has actually established as well as run over 2 GW of solar possessions, of which more than 250 MW in the Philippines.