Berde Renewables has signed a solar power purchase agreement (PPA) with North Luzon regional retailer Magic Group of Companies, making a significant step toward advancing renewable energy adoption in the Philippines.
Patrick Zhu, chief executive officer of Berde Renewables, said the PPA between the two companies is expected to be completed within a 12-month timeframe beginning with the installation of a 729-kilowatt peak solar power system at Magic Mall San Carlos.
The installation covered by the PPA is projected to generate approximately 983,690 kilowatt-hours (kWh) of clean energy annually, translating to a reduction of 860 tons of carbon emissions over the next decade.
Zhu said the partnership with Magic Group demonstrates that renewable energy can be seamlessly integrated into commercial operations, benefiting both the environment and the bottom line. The Pangasinan – based Magic Group eyes to replicate the partnership with its upcoming mall branches as part of its broader sustainability strategy.
