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Green technology

Hexacon Builders Corp. Partners with OCI Power for Solar Power Ventures in the Philippines

Strategic Insights

— 2 min read

Hexacon Builders Corp., a local engineering and construction company, has formed a partnership with OCI Power, a South Korea-based international solar energy solutions company, to collaborate on numerous solar power ventures throughout the Philippines. The partnership aims to accelerate the progress of large solar farms and decentralized solar energy systems to aid the Philippines in its transition to renewable energy and climate objectives. The collaboration will also create numerous local employment opportunities and significantly contribute to national clean energy objectives.

Key Takeaways:

  • The partnership between Hexacon Builders Corp. and OCI Power will focus on accelerating the progress of large solar farms and decentralized solar energy systems in the Philippines.
  • The partnership aims to create numerous local employment opportunities and contribute to national clean energy objectives.
  • The initial stage of the collaboration will focus on establishing and initiating operations for solar power facilities with an estimated total capacity of 500 megawatts (MW) in Zambales, Laguna, and Cagayan.
  • Hexacon will pursue joint ventures with electric cooperatives to help them build solar power plants, which will allow them to produce electricity and lower the cost for the public.
  • The partnership aligns with the Philippine government's efforts to boost the proportion of renewables in the energy sector and decrease dependence on conventional fuels.
  • Hexacon plans to partner with data centers, a huge electricity consumer, and build data centers as part of its expansion plans.
  • Mary Joan Aceron, Chairman and CEO of Hexacon Builders Corp., expressed optimism about the partnership, stating that it will not only enhance technical expertise but also contribute to a more sustainable and secure energy landscape for Filipino communities.
  • Steve Songyop Kim, CEO of OCI Power, expressed business optimism in the Philippine market and in Hexacon as a valuable local collaborator.

Statistics:

  • The initial stage of the collaboration will focus on establishing and initiating operations for solar power facilities with an estimated total capacity of 500 megawatts (MW) in Zambales, Laguna, and Cagayan.
  • The partnership aims to create numerous local employment opportunities.
  • Hexacon has acquired a vast experience in the construction business, including building infrastructure projects for over 40 years.
  • Hexacon and OCI Power will share best practices in the partnership, with OCI Power bringing its expertise in power conversion and producing equipment for electric vehicles and power management for cold storages.

Sources:

  • [Hexacon Builders Corp.]
  • BusinessMirror
  • OCI Power
  • Steve Songyop Kim, CEO of OCI Power
  • Mary Joan Aceron, Chairman and CEO of Hexacon Builders Corp.
  • The formal agreement was finalized on July 21, 2025 at New World Hotel Makati.

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