Manilla – 29^th January 2026 — Holcim,global leader in innovative and sustainable building solutions, has signeda long-term Power Purchase Agreement (PPA) with Peak Energy, to deploy in thePhilippines one of the largest behind-the-meter solar installations.

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The 25 MegaWatt-peak (MWp) projectwill 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 CO₂emissions by roughly 28,500 tons per year - equivalent to removing annually 6,000cars from the road.

Delivered under a 20-year Power PurchaseAgreement, the project requires no upfront capital from Holcim. PeakEnergy will handle design, construction, and long-term operation andmaintenance, while Holcim purchases the electricity throughout the durationof this PPA. This enables Holcim to benefit from significant cost saving ontheir electricity bill from day one. It also supports the integrationrenewables directly into its industrial operations, without disruptingproduction on its sites.

“This project represents abreakthrough not just for Peak Energy, but for the renewable energy andsustainable construction sectors in the Philippines,” said Gavin Adda,CEO of Peak Energy. “Combined, this project is the largestbehind-the-meter industrial solar deployment in the country to date. Holcim’s leadership in advancing this type of solution sends a clear signal: clean poweris 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’reproud to enable that shift by delivering technically robust, commercially soundsystems that can support both decarbonization and long-term operational resilience.”

“This partnership with PeakEnergy strengthens our shift toward cleaner and more resilient operations. Byintegrating solar power into our La Union and Bulacan plants, we are reducingour carbon footprint while supporting our Net Zero ambition and sustainablemanufacturing in the Philippines.” said Saeed Ola Ande, SVP, Head of Supply Chain at Holcim Philippines.

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Backed by Stonepeak Infrastructure Partners,a leading alternative investment firm, Peak Energy delivers clean, affordableand reliable energy solutions to industrial clients across.

This collaboration reflects howrenewable energy is a core input to business continuity, cost stability, andlong-term growth of leading industrial companies in the region. As otherindustrial players face the same cost pressures, carbon constraints, and griduncertainty, this project offers a blueprint for how to move fast, at scale,and without compromise.

AboutPeak Energy

Headquartered in Singapore, PeakEnergy develops, owns, and operates renewable assets across Asia Pacific(APAC). With over 300 MW of operating assets and 1 GW worth of projects indevelopment, our portfolio spans Japan, Korea, Australia, Taiwan, thePhilippines, Thailand, Singapore and Indonesia. With activities encompassingthe full range of renewable energy business models - including utility-scaledevelopment, off-site PPAs, onsite PPAs, and energy storage applications - PeakEnergy is a one-stop partner for corporates seeking to decarbonize theiroperations in APAC. We believe in establishing long-term partnerships with ourcorporate customers, to accompany them in their decarbonization journey,through cleaner, cheaper energy.  

An experienced team handles thecomplete life cycle of our energy assets from origination and developmentthrough to operations and decommissioning, employing state-of-the arttechnology and the industry best practices, respectful of the environment and followingworld-class HSE standards. 

Our business practices,technological and HSE standards are standardized across APAC, but we areimplemented and operate locally, with teams in seven countries, and lastingpartnerships with local customers, EPCs, vendors, channel partners. 

Peak Energy is wholly owned byStonepeak, a leading alternative investment firm specializing in infrastructureand real assets with approximatively USD 79.9 billion of assets undermanagement. Our financial and technical strength coupled with our relationshipsin local markets allows us to optimize our capital deployment in high qualityassets. 

For more information, please visit https://www.peakenergy.asia. 

MediaContacts

Peak Energy
General enquiries: media@peakenergy.asia

AboutHolcim Philippines

HolcimPhilippines, Inc. is the leading partner for sustainable construction in thecountry. The Company has a deep portfolio of innovative solutions fostered by afull range of products from structuring to finishing applications that can helplocal builders execute a wide range of projects with high performance andefficiency from massive infrastructure to simple home repairs.

Withcement manufacturing facilities in La Union, Bulacan, Misamis Oriental, andDavao, as well as aggregates and dry mix business and technical supportfacilities for building solutions, Holcim Philippines is a reliable partner ofbuilders in the country.

HolcimPhilippines is also committed to the highest standards of sustainableoperations and manufacturing excellence with its plants certified under ISO14001:2015 (Environmental Management System), ISO 9001:2015 (Quality ManagementSystem) and OHSAS 45001:2018 (Occupational Health and Safety ManagementSystem).

HolcimPhilippines is a member of the Holcim Group, a global leader in innovative andsustainable building solutions.

Toknow more about Holcim Philippines, you can visit our website athttps://www.holcim.ph/ and follow us on our social media platforms on LinkedIn,Facebook, Instagram and Youtube.

AboutHolcim

Holcim(HOLN) is the leading partner for sustainable construction with net sales ofCHF 16.3 billion in 2024, creating value across the built environment frominfrastructure and industry to buildings. Headquartered in Zug, Switzerland,Holcim has more than 48,000 employees in 45 attractive markets – across Europe,Latin America and Asia, Middle East & Africa. Holcim offers high-valueend-to-end Building Materials and Building Solutions, from foundations andflooring to roofing and walling – powered by premium brands includingECOPlanet, ECOPact, ECOCycle® and Elevate.

Learnmore about Holcim at www.holcim.com and follow us on LinkedIn. Sign up forHolcim's Building Progress newsletter here.

MediaContact

Name: Marvin Daryl Riego

Position: Communications Manager

Email: marvindaryl.riego@holcim.com

ContactNumber: 09086224184

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