How much CO2 will the solar project annually avoid?

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The solar project is projected to avoid approximately 650 tons of CO₂ annually.

FCC (Philippines) Corp. has entered into a long-term solar agreement with Peak Energy for its facility in Laguna. This onsite solar installation is anticipated to generate around 1,500 MWh in its initial year of operation. The renewable energy generated will be supplied to FCC Philippines at a price significantly lower than prevailing grid tariffs.
Annual Carbon Dioxide Emission Reduction

The agreement specifies that the solar project is expected to mitigate approximately 650 tons of carbon dioxide emissions each year. This reduction is considered substantial and is equivalent to preventing the consumption of nearly 252,000 liters of gasoline.
System Capacity and Energy Generation

The installed onsite solar system will have a capacity of 1 MWp. This capacity is projected to produce approximately 1,500 MWh of electricity within the first year of its operation. This generation is intended to directly supply the energy needs of FCC Philippines' clutch systems facility.
Long-Term Energy Cost Savings and Pricing

Under the terms of the 15-year agreement, FCC Philippines will purchase the electricity generated by the solar system at a rate approximately 30% lower than current grid electricity prices. This arrangement is designed to provide FCC Philippines with cost competitiveness and enhance its energy resilience.

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How much CO2 will the solar project annually avoid?

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