Cemex Philippines signed a contract with Filinvest-ENGIE Renewable Energy Enterprise Inc. (FREE) last week for the development of a 10.08-megawatts ground-mounted solar system in Naga, Cebu.
The power plant will be built in Cemex’ facility in Apo cement plant and is expected to reduce the company’s annual carbon dioxide emissions by over 10,000 metric tons.
Luis Franco, Cemex Philippines president and chief executive officer, said the project is part of the company’s goal to reduce scope 2 emissions coming from electricity sources to less than 24 kg of carbon dioxide per ton of cementitious product by 2030.
The parties did not disclose the project cost.
Set for completion next year, the project will enable Cemex to increase its carbon-free electricity sources and become the biggest user of solar energy among cement plants in the Philippines to date.
FREE is a joint venture company of FDC Utilities Inc. (FDCUI), the power utility arm of Filinvest Development Corp. and ENGIE Services Philippines, the local division of ENGIE, a global leader in low-carbon energy and services.
Cemex and ENGIE also entered into a memorandum of understanding to explore the implementation of various renewable energy and energy efficiency solutions for Cemex’ facilities in Naga, Cebu, to help the company advance its sustainability goals.
“FREE and Cemex are poised to set new benchmarks in clean energy integration, signaling a transformative alliance that reflects a collective dedication to environmental stewardship and forward-thinking business practices. Filinvest and ENGIE, leveraging our combined expertise, are pleased to play an integral role in helping Cemex climb the sustainability mountain,” said Juan Eugenio Roxas, FDCUI and FREE president and chief executive officer, in a statement. -Jed Macapagal
