How much will FCC Philippines save on energy costs annually?

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FCC Philippines to Achieve Significant Annual Energy Cost Savings Through Solar Agreement

FCC Philippines is projected to reduce its energy expenses by approximately 30% annually compared to current grid electricity prices as a result of its new solar power agreement. This initiative is expected to generate around 1,500 MWh of electricity in its first year of operation, offering a substantial discount on energy costs. The long-term agreement, spanning 15 years, will also contribute to environmental sustainability by mitigating carbon dioxide emissions.
Reduced Electricity Pricing

Under the terms of the 15-year agreement with Peak Energy, FCC Philippines will purchase electricity at a rate that is approximately 30% lower than prevailing grid tariffs. Peak Energy will undertake the full responsibility for the solar system's design, financing, construction, ownership, and operation, eliminating any upfront capital expenditure for FCC Philippines. This structure ensures that FCC Philippines gains access to affordable, clean energy while Peak Energy manages all aspects of the solar installation.
Significant Annual Energy Generation

The onsite solar installation is designed to produce an estimated 1,500 MWh of electricity within its first year of operation. This generation capacity from the 1 MWp system is crucial for meeting FCC Philippines' energy needs and achieving the projected cost savings. The system's output is a key factor in delivering the promised 30% discount on electricity prices compared to the national grid.
Annual Carbon Emission Reduction

Beyond the economic benefits, the solar project is anticipated to yield considerable environmental advantages. The operation of the solar system is expected to avoid approximately 650 tons of carbon dioxide emissions annually. This reduction is equivalent to the gasoline consumption of nearly 252,000 liters, underscoring the project's contribution to FCC Philippines' sustainability goals and the broader efforts to decarbonize industrial operations.

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