Filinvest-ENGIE Renewable Energy Enterprise Inc. Powers Semiconductor Production with Solar Facility

Strategic Insights -

Filinvest-ENGIE Renewable Energy Enterprise Inc. (FREE) has partnered with Nexperia Philippines, Inc. to deploy a solar facility that will power the latter's assembly and testing plant in Cabuyao. The facility, which has already shown remarkable results, will help Nexperia meet its production demands of up to one billion semiconductor components every year. According to Juan Eugenio Roxas, FREE's president and CEO, the solar project will improve Nexperia's operations by enhancing the reliability and flexibility of its energy supply mix, while also shielding it from grid price volatility.

Key Takeaways:

  • FREE has partnered with Nexperia Philippines, Inc. to deploy a solar facility that will power the latter's assembly and testing plant in Cabuyao.
  • The solar facility is expected to meet Nexperia's production demands of up to one billion semiconductor components every year.
  • The small solar project has been a good boost for Nexperia's operations, with hourly and daily generation stats showing remarkable results.
  • Gareth Hughes, Nexperia Philippines' vice president and general manager, stated that the installation places the company as pioneers within its group.
  • FREE provides power solutions to key industries across the country, such as switching on a solar project in Cebu for Japanese medical device manufacturer Merasenko Corp. in November last year.
  • The Filinvest Group, through its energy generation arm FDC Utilities, aims to expand its renewable energy portfolio, with a target of increasing its generating capacity from about 400 MW to 1,350 MW by 2033.
  • The bulk of the increase (71%) will be sourced from renewable energy, in support of the government's goal to scale up renewables' share in the electricity generation mix from 22 percent to 35 percent by 2030.
  • Juan Eugenio Roxas, FREE's president and CEO, emphasized the importance of reliability in the semiconductor industry, stating that "in an industry where a single power fluctuation can jeopardize millions of precision chips, reliability is not a luxury-it is a competitive edge."
  • FDC Utilities has a significant expansion plan, targeting an increase in generating capacity, which will contribute to a significant increase in renewable energy share in the country's energy mix.

Statistics:

  • FREE's solar facility will power Nexperia's assembly and testing plant in Cabuyao.
  • Nexperia's production demands reach up to one billion semiconductor components every year.
  • The solar project has shown remarkable results in hourly and daily generation stats.
  • FDC Utilities' generating capacity will increase from about 400 MW to 1,350 MW by 2033.
  • 71% of the increase in generating capacity will be sourced from renewable energy.
  • The government aims to scale up renewables' share in the electricity generation mix from 22 percent to 35 percent by 2030.

Sources:

  • Statement by Juan Eugenio Roxas, FDC Utilities, Inc., and FREE president and CEO.
  • Statement by Gareth Hughes, Nexperia Philippines' vice president and general manager.
  • Company release by Filinvest-ENGIE Renewable Energy Enterprise Inc. (FREE).
  • FDC Utilities' press statement regarding its expansion plan.