A joint venture between Philippine power producer AboitizPower and Upgrade Energy Philippines (UGEP) has been signed for a solar farm to serve local cement and building materials firm Republic Cement & Building Materials Inc (RCBM) (CRH group) under a power purchase agreement (PPA).
Under the contract, Aboitiz Upgrade Solar Inc (AUSI) will develop, build and operate a ground-mounted solar park at RCBM’s facility in San Mateo in the municipality of Norzagaray, Bulacan province. The company will be in charge of providing the upfront capital investment and the operation of the project.
The facility is expected to become operational by the 2H25. Its output will be sold exclusively to the cement plant.
“This project sets a new benchmark for solar adoption in the industrial sector. By bridging AUSI’s expertise in delivering innovative energy solutions and Republic Cement’s sustainability goals, we are creating a blueprint for how renewable energy solutions can power the Philippines’ industrial future,” said James Yu, first vice president and head of retail at AboitizPower.
