TotalEnergies ENEOS Signs Solar Rooftop Project with SteelAsia in the Philippines

TotalEnergies ENEOS has signed a long-term agreement with SteelAsia Manufacturing Corp., the country’s largest steel company and one of the world’s largest manufacturers of rebars, to install a 1.9 megawatt-peak (MWp) solar rooftop photovoltaic (PV) system at its Meycauayan, Bulacan facility in Philippines.

This project is SteelAsia’s latest sustainability initiative, aiming to contribute to the country’s commitments under the Paris Agreement to keep global warming at a maximum of 1.5 degrees centigrade above pre-industrial levels.

Once operational, the solar system is expected to generate approximately 2,700 megawatt-hours (MWh) of renewable electricity annually, realising significant cost savings for SteelAsia and reducing the company’s carbon footprint by about 2,300 tonnes of CO2 emissions annually, equivalent to planting over 34,500 trees.

Under the agreement, TotalEnergies ENEOS will fully fund, install the solar system, and operate it while SteelAsia will only purchase the electricity produced.

Andre Y. Sy, President of SteelAsia said: “This is the company’s latest action to de-carbonise and protect the environment, while it expands its operations. The company has six plants all over the country with additional plants planned in the coming years.”

Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia said added: “As a leading solar service provider for commercial and industrial businesses, TotalEnergies ENEOS is committed to helping customers to drive down both their energy costs and carbon footprint. We are dedicated to being a long-term energy partner for SteelAsia and look forward to more collaboration in the future.”