Partnering with Real Steel Corporation, Total Energies ENEOS is pioneering sustainability in the steel industry, marking the largest solar venture in this sector. Simultaneously, they’ve embarked on the first solar rooftop project for the Kinpo Group, showcasing their commitment to sustainable energy across diverse industries in the Philippines.
TotalEnergies ENEOS signs largest solar rooftop project in the Philippines with Real Steel Corporation, pioneering sustainability effort in the steel industry
Pampanga, Philippines, October 31, 2023 – TotalEnergies ENEOS has signed a 10-year agreement with Real Steel Corporation (RSC), a leading steel manufacturer, to provide a 16.8 megawatt-peak (MWp) solar rooftop photovoltaic (PV) system at its cutting-edge manufacturing facility in San Simon, Pampanga. This project aims to significantly reduce the operational expenses and carbon footprint of the nation’s first high-speed rolling mill.
With over 22,000 solar modules to be installed, the PV system will generate 26,000 megawatt-hours (MWh) of renewable electricity annually, leading to a substantial cost savings for the RSC facility and a remarkable reduction in the company’s carbon emissions by approximately 12,800 tons of CO2 per year. This reduction is equivalent to planting 200,000 trees.
TotalEnergies ENEOS strongly believes in the active involvement of both local and multi-national businesses who are the key contributors to the remarkable growth of the country for over a decade. The company is committed to provide affordable and clean energy, which is a key contributing factor to the Philippine economy.
“Real Steel Corporation is dedicated to spearheading sustainable practices within the steel industry. Under President Ferdinand R. Marcos Jr., the Philippines will be focused on infrastructure development, and this will propel the steel demand. By implementing the largest solar rooftop PV system in the Philippines, we are accelerating the production of lower carbon high-quality steel products for the Philippine market,” William T. Chen, Chief Finance Officer of Real Steel Corporation explained.
Under the agreement, and through a tailored business model, TotalEnergies ENEOS will install and maintain the PV system, while RSC will be the operator and owner of the asset from the commissioning. The business model proposed by TotalEnergies ENEOS ensures a neutral cash flow for RSC for the first 10 years of engagement. Afterwards, RSC will fully benefit from the asset for its entire lifespan of around 30 years.
“We are trilled to collaborate with with RSC in providing their facility with renewable energy and to actively contribute to their long-term sustainability and growth objectives. We are dedicated to supporting RSC as a “green lane strategic investment” in the Philippines Development Plan 2023-2028. As a leading solar service provider for commercial and industrial businesses, TotalEnergies ENEOS is committed to aiding companies like RSC in reducing their energy costs and carbon footprint through our expertise in tailored renewable solutions”, said Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.
The signing of the agreement was witnessed by executives of Real Steel Corporation and TotalEnergies ENEOS, as well as by the Director of the Department of Energy – Renewable Energy Management Bureau, Marissa P. Cerezo, and Deputy Head of Mission at the Embassy of France in Manila, Remy Tirouttouvarayane.
“On behalf of the Department of Energy, we laud RSC’s initiative to lead the transition of steel manufacturing industry towards a greener and more sustainable future. This agreement with TotalEnergies ENEOS will certainly contribute in our efforts to bring the Philippines closer to our goal of increasing the share of renewable energy in power generation by 50% in 2040,” Marissa P. Cerezo, Director at the Renewable Energy Management Bureau of the Department of Energy declared.
Remy Tirouttouvarayane, Deputy Head of Mission at the Embassy of France in Manila, praised the deal between RSC and TotalEnergies ENEOS as an outcome of the partnership between the Philippine and France in the energy sector.
“The steel industry is at the heart of economic activity and a major contributor to the development of the Philippines. Like many industries, it has to face up the challenges of energy transition. In this context, I am delighted to witness how Real Steel is leading the way for the whole local industry by installing rooftop PV system to its facility to reduce its carbon footprint. Presidents Marcos and Macron have agreed on defining energy security as one of the priorities of our bilateral cooperation. I am very pleased to witness that the French-Philippine partnership in the energy sector also translates into private sector-led projects,” Tirouttouvarayane stressed.
TotalEnergies ENEOS signs first solar rooftop project of Kinpo Group in the Philippines
Batangas, Philippines, November 17, 2023 – TotalEnergies ENEOS has signed a long-term agreement with Kinpo Group, a leading global electronics manufacturer, to provide an 11.9 megawatt-peak (MWp) solar rooftop photovoltaic (PV) system for its facility in Batangas. This project, as the first solar rooftop project of Kinpo Group in the Philippines, will contribute to the group’s carbon neutrality strategy of constructing an in-house renewable energy supply.
With over 20,500 solar modules to be installed, the PV system will generate 16,700 megawatt-hours (MWh) of renewable electricity annually, supplying 17% of the energy needs of its facility and reducing its carbon emissions by approximately 8,000 tonnes of CO2 per year, equivalent to planting 120,000 trees.
Under the agreement, TotalEnergies ENEOS will fully fund, install and operate the PV system while Kinpo Group will pay only for the electricity generated for 20 years, avoiding any upfront costs.
“Net zero is a difficult goal to achieve, but we must do it. The faster we can do this, the less harm there is to the earth, and only then, can we avoid a climate catastrophe. To achieve its net zero target by 2050, Kinpo Group has implemented its internal carbon pricing in 2023 and it will be continuously adjusted in the future to accelerate its low-carbon transition. Cooperating with TotalEnergies ENEOS will help advance its long-term strategy and promote a more sustainable business.”, said Mr. Andrew Chen, CEO of Kinpo Group.
“We are delighted to be trusted by Kinpo Group to provide their facility with renewable energy and advancing their carbon neutrality strategy and long-term development plan. As a leading solar service provider for commercial and industrial businesses, TotalEnergies ENEOS is committed to helping more ODM/OEM and EMS manufacturers like Kinpo Group in lowering their energy costs and carbon footprint through our tailor-made renewable solutions. We look forward to fostering a lasting energy partnership with Kinpo Group and exploring further collaboration in the future.”, said Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.