Berde Renewables Signs 8.4MWp Solar Power Purchase Agreement with KCC Malls and Biotech Farms

Strategic Insights -

Berde Renewables has partnered with KCC Malls and Biotech Farms to supply clean energy to several facilities in South Cotabato, Philippines. The agreement spans 8.4 megawatts-peak (MWp) and involves the installation of solar power systems at KCC Mall Gensan, KCC Mall Marbel, KCC Mall Zamboanga, and Biotech Farms' agro-industrial facility. Under the zero-CAPEX model, Berde Renewables will finance the systems, handle engineering, procurement, and construction (EPC), and provide long-term operations and maintenance (O&M). The installations are expected to generate approximately 13 million kWh of clean energy annually, resulting in estimated PHP 5.8 million in monthly power savings and a reduction of around 9,600 tons of CO2 emissions per year.

Key Takeaways:

  • The partnership involves the installation of 8.4 MWp solar power systems across four facilities, including KCC Mall Gensan, KCC Mall Marbel, KCC Mall Zamboanga, and Biotech Farms' agro-industrial facility.
  • Berde Renewables will finance the systems, handle EPC, and provide long-term O&M under a zero-CAPEX model.
  • The installations are expected to generate approximately 13 million kWh of clean energy annually.
  • The partnership aims to deliver an estimated PHP 5.8 million in monthly power savings and offset around 9,600 tons of CO2 emissions per year.
  • Berde Renewables has established 45.7 MW of solar projects in the Philippines, with 31 MW under construction and a 144 MW development pipeline.
  • The company is expanding into Thailand with a 300 MW project pipeline.
  • Berde Renewables is backed by I Square Capital, which manages over $50 billion in infrastructure assets.

Statistics:

  • 8.4 MWp: the total capacity of the solar power systems installed under the agreement.
  • 13 million kWh: the estimated annual clean energy generation from the installations.
  • PHP 5.8 million: the estimated monthly power savings from the installations.
  • 9,600 tons: the estimated annual reduction in CO2 emissions from the installations.
  • 45.7 MW: the total capacity of solar projects established by Berde Renewables in the Philippines.
  • 31 MW: the capacity of solar projects under construction by Berde Renewables in the Philippines.
  • 144 MW: the capacity of Berde Renewables' development pipeline in the Philippines.
  • 300 MW: the capacity of Berde Renewables' project pipeline in Thailand.

Sources:

  • Berde Renewables
  • KCC Malls
  • Biotech Farms
  • Global Data Point
  • I Squared Capital