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    Category: Event

    Berde Renewables and Holcim Philippines Strengthen Partnership with Major Renewable Energy Projects in Davao City and Lugait, Misamis Oriental

    Posted on by Berde Renewables

    Manila, Philippines – Berde Renewables Inc., a distributed renewable energy portfolio company of I Squared Capital based in  the Philippines, has announced the expansion of its partnership with Holcim Philippines. Building on the  success of last year’s solar rooftop projects, the two companies are now taking their collaboration to the next level. Together, they will work to increase the renewable energy capacity at Holcim’s facilities in  Davao City and Lugait Misamis Oriental, further enhancing their sustainability efforts.

    Through the expanded partnership, Berde Renewables will take on the design, construction, and  management of additional solar facilities at new Holcim sites, increasing the combined capacity to 12.79  megawatt-peak (MWp). These installations are expected to generate approximately 21,263 megawatt hours of clean energy annually, which will help reduce carbon emissions by approximately 14,000 metric  tons per year. This project supports Holcim’s ambitious goal of reducing Scope 2 emissions by 65 percent  by 2030.

    Being selected once again through a highly competitive process is a testament to Berde’s proven track  record and the trust that Holcim Philippines places in our expertise,” said Patrick Zhu, CEO of Berde  Renewables. “We are truly honored to extend our partnership and work together to accelerate the  Philippines’ transition to renewable energy.”

    “Berde Renewables’ exceptional track record, proven through their re-selection in a highly competitive  process, makes them an indispensable partner in advancing our sustainability goals,” said Nicolas  George, CEO of Holcim Philippines. “This partnership is pivotal in reducing our environmental impact and  accelerating the Philippines’ shift to renewable energy.”

    Berde Renewables Partners with Holcim Philippines

    In-Photo (L-R):  Philip Roxas, Commercial Director of Berde Renewables, Inc., Patrick Zhu, Co-founder and President of Berde  Renewables, Inc., Nicolas George, President and CEO of Holcim Philippines, Inc., Jill Ramos, (OIC) Chief Sustainability Officer of  Holcim Philippines, Inc., and Rainier Elepaño, Category Manager of Holcim Philippines, Inc.

     

    About Berde Renewables Inc.

    Berde Renewables Inc. is an iSquared Capital portfolio company dedicated to drive clean energy transition and innovative sustainable energy solutions. Co-founded by Morris Zhou and Patrick Zhu, Berde Renewables develop, build, and operate distributed renewable energy projects that empower commercial and industrial customers to switch to sustainable power, significantly reducing their electricity costs.

    iSquared Capital is a global private equity firm specializing in infrastructure investments. With a strong focus on energy, utilities, and digital infrastructure, the firm leverages its extensive industry expertise to drive sustainable growth and create value across markets worldwide.

    Website: www.berderenewables.com
    Contact us!

     

    About Holcim Philippines

    Holcim Philippines, Inc. is one of the leading building solution companies in the country. The Company has a deep portfolio of innovative solutions fostered by a full range of products from structuring to finishing applications that can help local builders execute with high performance and efficiency a wide range of projects from massive infrastructure to simple home repairs.

    With cement manufacturing facilities in La Union, Bulacan, Batangas, Misamis Oriental and Davao, as well as aggregates and dry mix business and technical support facilities for building solutions, Holcim Philippines is a reliable partner of builders in the country.

    Holcim Philippines is also committed to the highest standards of sustainable operations and manufacturing excellence with its plants certified under ISO 14001:2015 (Environmental Management System), ISO 9001:2015 (Quality Management System) and OHSAS 45001:2018 (Occupational Health and Safety Management System).

    Holcim Philippines is a member of the Holcim Group, a global leader in innovative and sustainable building solutions.

    About Holcim

    Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 26.4 billion in 2024. Driven by our purpose to build progress for people and the planet, our 65,000 employees are on a mission to decarbonize building, while improving living standards for all. We empower our customers across all regions to build better with less, with a broad range of low-carbon and circular solutions, from ECOPact and ECOPlanet to our circular technology platform ECOCycle®. Through innovative systems, from Elevate roofing to PRB insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of our strategy, we are on the way to becoming a net-zero company with 1.5°C targets validated by SBTi.

    Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter.

    Berde Renewables and PSS Group join forces to lead Southeast Asia’s Renewable Energy Revolution

    Posted on by Berde Renewables

    Manila, Philippines – Berde Renewables Inc., a distributed renewable energy portfolio company of I Squared Capital, and Power Systems and Solutions Co. Ltd. (PSS), a renewable developer and EPC with 105MW of experience in Thailand, have announced a joint venture aimed at supporting the clean energy transition in Thailand and the broader Asia-Pacific region.

    This collaboration will develop and deploy solar photovoltaic, battery storage, and hybrid energy solutions to support the growing demand for sustainable power in industrial, commercial, and grid-scale applications. The joint venture will start with operating assets of 18.9 MWp, 30 MWp under construction, and 170 MWp in the pipeline, with a goal to develop, own, and operate 300MW of renewable projects over the next three years.

    The joint venture combines Berde Renewables’ clean energy technologies with PSS Group’s expertise in engineering, oil and gas, power, renewables, and industrial service businesses. Together, the companies will provide integrated solutions that enhance energy efficiency, asset management, and extend the lifespan of key infrastructures across Thailand’s renewable energy market.

    Berde Renewables Signs Joint Venture with PSS Group Thailand

    “The energy transition demands bold action and strong partnerships. This joint venture strengthens Thailand’s renewable energy landscape by combining PSS’s deep market expertise with ISQ/Berde’s global expertise. Together, we are not just deploying megawatts—we are shaping a resilient, scalable, and bankable clean energy future for the region organically & inorganically.” – Sam Yamdagni, Founder and CEO of PSS Group.

    “This partnership is key to advancing our vision of accelerating the global transition to renewable energy,” said Morris Zhou, Co-founder of Berde Renewables Inc. “By combining our strengths, we aim to deliver innovative, world-class renewable energy solutions and empower organizations and industry leaders to drive decarbonization and sustainability, shaping a greener future,” he added.

    As Southeast Asia increasingly focuses on clean energy to meet rising demand and combat climate change, this partnership will play a pivotal role in supporting the region’s energy objectives and driving innovation in the renewable energy sector. With a strong pipeline of utility-scale projects, corporate power purchase agreements (PPAs), and grid-stabilizing solutions, Berde Renewables and PSS are ready to expand operations across the region. Businesses and stakeholders interested in strategic partnerships are encouraged to reach out and partner us in our decarbonization & energy transition.

    About Berde Renewables Inc.

    Berde Renewables Inc. is an iSquared Capital portfolio company dedicated to drive clean energy transition and innovative sustainable energy solutions. Co-founded by Morris Zhou and Patrick Zhu, Berde Renewables develop, build, and operate distributed renewable energy projects that empower commercial and industrial customers to switch to sustainable power, significantly reducing their electricity costs.

    iSquared Capital is a global private equity firm specializing in infrastructure investments. With a strong focus on energy, utilities, and digital infrastructure, the firm leverages its extensive industry expertise to drive sustainable growth and create value across markets worldwide.

    Website: www.berderenewables.com
    Contact us!

     

    About Power Systems & Solutions Co Ltd

    PSS Powers is a Thailand-based renewable energy developer and EPC with extensive experience in delivering over 198 MW of sustainable energy projects across the region. Committed to innovation, cost-effectiveness, and scalability, the company provides clean energy solutions tailored to the evolving needs of industrial and commercial sectors in Thailand and beyond.

    Website: www.psspowers.com

     

    Berde Renewables partners with Magic Group of Companies to expand solar energy in Northern Luzon

    Posted on by Berde Renewables

    SAN CARLOS CITY, PANGASINAN — Leading renewable energy firm Berde Renewables has solidified its commitment to expanding sustainable energy solutions in the Philippines through a strategic partnership with Northern Luzon retail giant Magic Group of Companies This collaboration marks a significant step toward advancing renewable energy adoption in the region, beginning with the installation of a 729-kilowatt peak (kWp) solar power system at Magic Mall San Carlos.

    The solar power purchase agreement (PPA) between the two companies is expected to be completed within a 12-month timeframe. The installation is projected to generate approximately 983,690 kilowatt-hours (kWh) of clean energy annually, translating to a reduction of 860 tons of carbon emissions over the next decade.

    Patrick Zhu, CEO of Berde Renewables, emphasized the importance of this partnership. “This collaboration with Magic Group of Companies is aligned with our mission to bring sustainable energy to more businesses across the Philippines. The solar project at Magic Mall San Carlos demonstrates how renewable energy can be seamlessly integrated into commercial operations, benefiting both the environment and the bottom line.”

    For Magic Group of Companies, this partnership underscores their commitment to sustainability. The CEO’s Executive Assistant Mr. Jarvin Chua stated, “Partnering with Berde Renewables is a key milestone in our shift toward greener operations. Beyond optimizing energy costs, this project reflects our long-term commitment to minimizing our environmental impact. We aim to replicate this success in our upcoming mall branches as part of our broader sustainability strategy.”

    As Berde Renewables expands its presence in the Philippines, it continues to drive the country’s transition to renewable energy, offering tailored solar solutions for businesses. The partnership with Magic Mall San Carlos highlights the growing momentum among Filipino companies to adopt renewable energy, aligning with national sustainability goals and carbon reduction efforts.

     

    About Berde Renewables Inc.

    Co-founded by clean energy leaders Morris Zhou and Patrick Zhu, Berde Renewables is an I Squared Capital portfolio company dedicated to the Philippines’ energy transition. They develop, build, and operate distributed renewable energy projects that empower commercial and industrial customers to switch to sustainable power, significantly reducing their electricity costs.

    Email: info@berderenewables.com Website: www.berderenewables.com

    About Magic Group of Companies

    The Magic Group of Companies is a family-run enterprise that has been operating in Northern Luzon since 1988. The company primarily engages in the real estate and restaurant sectors. Currently, their company manages a portfolio that includes shopping malls, supermarkets, appliance stores and food outlets

    Signing of a 20-year PPA w/ Holcim PH

    Posted on by Berde Renewables Team

    27 OCTOBER 2023 SINGAPORE, Berde Renewables, a distributed energy platform of I Squared Capital, announced today that it has signed a power purchase agreement with Holcim Philippines, a member of the Holcim Group, for solar rooftop projects on two of its plants. Berde Renewables will build, operate and maintain rooftop solar facilities on Holcim’s plants in Bulacan and La Union with a combined capacity of 5.5 MWp and an annual generation of approximately 7.8 GWh. 

    The rooftop solar facilities are expected to be commissioned in 2024 and projected to reduce greenhouse gas emissions by approximately 5,500 tCo2e per year. The project will accelerate Holcim’s journey to reduce Scope 2 emissions by 65 percent by 2030.

    Patrick Zhu, CEO of Berde Renewables, said: “Berde Renewables is proud to partner with Holcim to deliver clean energy to their plants and support their decarbonization goals. We will combine our end-to-end in-house capabilities, from project development and construction to operations, with I Squared’s global experience investing in close to 5.8 gigawatts of renewable energy assets, to deliver green energy for corporates in the Philippines. The project is the first rooftop solar project for the cement industry in the Philippines and underscores Berde Renewables’ capabilities to support commercial and industrial consumers in their transition to clean energy.”

    Holcim Philippines President and CEO Horia Adrian: “We have reached significant decarbonization milestones, reducing our carbon footprint by more than 20 percent since 2018, with our focus on blended cements, alternative fuels and raw materials, and operational efficiency. This project further strengthens our ability to support the HolcimGroup’s Net Zero direction and the country’s Nationally Determined Contributions. We thank Berde Renewables for this partnership and look forward to reaching new heights in decarbonizing building in the Philippines with their support.”

    About Berde Renewables
    Established by I Squared Capital to support the energy transition, Berde Renewables develops, constructs and operates distributed renewable energy projects to power commercial and industrial customers in the Philippines, enabling their transitions to sustainable energy and lowering their electricity bills. 

    About Holcim Philippines
    Holcim Philippines, Inc. (Philippine Stock Exchange: HLCM) is one of the leading building solution companies in the country. The company has a deep portfolio of innovative solutions fostered by a full range of products from structuring to finishing applications that can help local builders execute with high performance and efficiency a wide range of projects from massive infrastructure to simple home repairs.

    With cement manufacturing facilities in La Union, Bulacan, Batangas, Misamis Oriental and Davao, as well as aggregates and dry mix business and technical support facilities for building solutions, Holcim Philippines is a reliable partner of builders in the country.

    About Holcim
    Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving the circular economy as a world leader in recycling to build more with less. Holcim is the company behind some of the world’s most trusted brands in the building sector, including Aggregate Industries, Disensa, Holcim Building Envelope, Geocycle, Holcim and Lafarge. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

    About I Squared Capital
    I Squared Capital is an independent global infrastructure manager with over $37 billion in assets under management focused on investing in North America, Europe, Asia, and Latin America. Headquartered in Miami, the firm has more than 240 professionals across its offices in Hong Kong, London, New Delhi, Singapore, Taipei, and Sydney. I Squared Capital has invested in a diverse portfolio of 72 companies in 59 countries with over 27,000 employees across the utilities, energy, digital infrastructure, transport, environmental infrastructure, and social infrastructure sectors providing essential services to millions of people around the world.

    No discussion with respect to specific companies should be considered a recommendation to purchase or sell any particular investment. The companies discussed do not represent all past investments. It should not be assumed that any of the investments discussed were or will be profitable, or that recommendations or decisions made in the future will be profitable.