Holcim Signs 25MW PPA with Peak Energy

By Global Infrastructure Sherpa · Feb 4, 2026

Ppa Solar signed Philippines Feb 4, 2026

25 MW

Capacity

development

Stage

Holcim, a global leader in innovative and sustainable building solutions, has signed a long-term Power Purchase Agreement (PPA) with Peak Energy to deploy a 25 MegaWatt-peak (MWp) behind-the-meter solar installation in the Philippines. The project will power Holcim's cement manufacturing plants in Bacnotan, La Union, and Norzagaray, Bulacan, generating approximately 40 gigawatt-hours (GWh) of clean electricity annually. Peak Energy will handle design, construction, and long-term operation and maintenance, while Holcim purchases the electricity throughout the duration of the PPA. This partnership supports Holcim's shift toward cleaner and more resilient operations, reducing its carbon footprint and supporting its Net Zero ambition.

Deal Analysis

Holcim's 25 MWp behind-the-meter solar PPA with Peak Energy in the Philippines represents a significant step towards decarbonizing its cement manufacturing operations. The agreement allows Holcim to secure a long-term supply of approximately 40 GWh of clean electricity annually for its plants in Bacnotan and Norzagaray, contributing to its Net Zero ambitions. Peak Energy will be responsible for the design, construction, operation, and maintenance of the solar installation, enabling Holcim to focus on its core business while benefiting from reduced carbon emissions and potentially lower energy costs. The involvement of Stonepeak Infrastructure Partners, as an investor (though details are not provided), suggests a strong financial backing for Peak Energy and the project's long-term viability. This deal is notable for its size within the behind-the-meter solar market in the Philippines, demonstrating a growing trend among industrial consumers to adopt renewable energy solutions. The partnership between a global leader in building solutions (Holcim) and a specialized solar developer (Peak Energy) highlights the increasing collaboration between corporations and renewable energy providers. The long-term nature of the PPA provides both parties with revenue and cost certainty, fostering a stable investment environment. This project could serve as a model for similar initiatives in the region, encouraging other energy-intensive industries to explore on-site solar generation.

25 MWp behind-the-meter solar installation in the Philippines.
Long-term PPA provides Holcim with approximately 40 GWh of clean electricity annually.
Partnership between Holcim, Peak Energy, and Stonepeak Infrastructure Partners.
Supports Holcim's Net Zero ambition and reduces its carbon footprint.

Market Context: The Philippines is experiencing growing demand for renewable energy, driven by government policies and increasing awareness of environmental sustainability. Behind-the-meter solar installations are becoming more attractive to industrial consumers seeking to reduce their reliance on the grid and lower energy costs. The Asia Pacific region is a key growth market for renewable energy investments.