AboitizPower and UGEP ink deal with Republic Cement for long-term solar power purchase agreement
- January 15, 2025
AboitizPower and UGEP’s solar company sign contract with Republic Cement. Photo shows (L-R) AUSI Directors, Pieterjan Vanbuggenhout and James Yu; AUSI Chairperson Ruth Yu-Owen; and Republic Cement executives, President Reinier Dizon and CEO Roman Menz.
TAGUIG CITY, PHILIPPINES – Aboitiz Upgrade Solar Inc. (AUSI), a joint venture between AboitizPower and Upgrade Energy Philippines (UGEP), signed a long-term solar power purchase agreement (PPA) with Republic Cement & Building Materials, Inc. (RCBM). Under the PPA, AUSI will develop, build and operate a ground-mounted solar project in RCBM’s facility in San Mateo, Norzagaray, Bulacan, while RCBM will purchase the clean energy generated.
With AUSI shouldering the upfront capital investment and the operations of the project, it will exclusively sell the produced power to RCBM’s cement plant, enabling the latter to achieve long-term operational savings and reduce its carbon footprint. The ground-mounted solar project is slated for completion by the second half of 2025.
“This project sets a new benchmark for solar adoption in the industrial sector,” said James Yu, AboitizPower’s First Vice President and Head of Retail. “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.”
Roman Menz, CEO of Republic Cement Services, emphasized the importance of renewable energy for the cement industry, often recognized for its carbon-intensive operations.
“This partnership reflects Republic Cement’s dedication to sustainability in terms of addressing the pressing need for cleaner energy solutions,” said Menz. “By integrating solar energy into our operations, we take a decisive step toward reducing emissions and contributing to a more sustainable Philippines.”
Ruth Yu-Owen, AUSI Chairperson, highlighted the broader impact of the collaboration.
“This partnership is a major milestone in our shared vision of utilizing renewable energy to fuel industrial development,” said Yu-Owen. “AUSI, backed by the collaboration between AboitizPower and UGEP, is dedicated to offering sustainable and efficient energy solutions that address the energy needs of businesses while supporting the Philippines’ transition to renewable energy.”
AUSI develops, builds and operates distributed solar solutions catered to large commercial and industrial consumers.
