LAGUNA, PHILIPPINES (ISL News) - FCC (Philippines) Corp., a subsidiary of Japan's FCC CO., LTD. and a key global supplier to leading automotive and motorcycle brands including Honda, Yamaha, Suzuki and Kawasaki, Ford, Harley-Davidson, BMW, among others, has signed a long-term solar agreement with Peak Energy to power its clutch systems facility in Laguna with onsite renewable energy.
The system is
expected to generate approximately 1,500 MWh in its first year of operation from a
1 MWp onsite solar
installation, delivering electricity to FCC Philippines at a price
approximately 30% lower than
grid tariffs. This is expected to avoid approximately 650 tons of CO₂ annually, equivalent to avoiding the
consumption of almost 252,000 liters of gasoline.
Under the 15-year agreement, Peak Energy will design, finance,
construct, own and operate the solar system, with FCC Philippines purchasing the
electricity generated at no upfront capital cost. The structure allows FCC
Philippines to access clean, competitively priced power while Peak Energy
manages construction and ongoing operations and maintenance.
FCC CO., LTD. is
the undisputed global leader in the motorcycle clutch market, with more than
50% global market share, and a leading supplier of automotive clutch components
worldwide. The company and has manufactured in the Philippines since 1993, supplying integrated clutch systems not only to
the four of the world's four largest motorcycle OEMs, but also to other
established global brands across both the two-wheel and four-wheel industries.
Global automotive supply chains are under growing pressure to reduce embedded
emissions, and the agreement gives FCC Philippines a concrete way to strengthen
its competitiveness within that supply chain.
The agreement
builds on Peak Energy's track record with Japanese-parented manufacturers
across the region, including JTEKT (Toyota Group) in Japan, AICA in Thailand
and Yokogawa in Singapore. FCC Philippines' decision to choose Peak Energy
reflects the same standard of engineering excellence and delivery experience
that has earned these manufacturers' trust, technical rigor, disciplined
project execution and a track record of on-time, on-budget delivery that meets
the exacting quality expectations Japanese corporates apply to their partners
across Asia.
As industrial
demand for lower-cost, predictable power grows, the Philippine market is
naturally redirecting capacity toward developers with the financial strength,
engineering capability and technology to execute and operate assets credibly at
scale, supported by a Department of Energy target of 35% renewable energy share
by 2030.
"Industrial buyers in the Philippines
are increasingly looking for power that's cheaper than the grid and shielded
from imported fuel prices," said
Gavin Adda, CEO of Peak Energy.
"This project delivers both, at a 30% discount to grid tariffs. We are
glad to see FCC moving toward a developer with the financial strength and
engineering capability to deliver at scale."
"This solar project represents an
important milestone in FCC's journey toward a more sustainable future,"
said Tsuyoshi Nakada, President of FCC (Philippines) Corp. "As
part of the FCC CO., LTD., Group's commitment to achieve carbon neutrality by
2050, with a 50% reduction in carbon emissions by 2030, we continue to invest
in initiatives that reduce our environmental footprint while strengthening the
resilience of our operations. We are pleased to partner with Peak Energy in
advancing these shared sustainability goals."
About Peak Energy
Headquartered in Singapore, Peak
Energy develops, owns, and operates renewable assets across Asia Pacific
(APAC). With over 300 MW of operating assets and 2 GW worth of projects in
development, Peak Energy is the fastest growing renewable energy developer with
a portfolio spanning Japan, Korea, Australia, Taiwan, the Philippines,
Thailand, Singapore and Indonesia. With activities encompassing the full range
of renewable energy business models - including utility-scale development,
off-site PPAs, onsite PPAs, and energy storage applications - Peak Energy is a
one-stop partner for corporates seeking to decarbonize their operations in
APAC. We believe in establishing long-term partnerships with our corporate
customers, to accompany them in their decarbonization journey, through cleaner,
cheaper energy.
An experienced team
handles the complete life cycle of our energy assets from origination and development
through to operations and decommissioning, employing state-of-the art
technology and the industry best practices, respectful of the environment and
following world-class HSE standards.
Our business
practices, technological and HSE standards are standardized across APAC, but we
are implemented and operate locally, with teams in seven countries, and lasting
partnerships with local customers, EPCs, vendors, channel partners.
Peak Energy is
wholly owned by Stonepeak, a leading alternative investment firm specializing
in infrastructure and real assets with approximatively USD 88 billion of assets
under management. Our financial and technical strength coupled with our
relationships in local markets allows us to optimize our capital deployment in
high quality assets.
For more information, please visit https://www.peakenergy.asia.
About FCC (Philippines) Corporation
Established in 1993 at Laguna
Technopark in Biñan City, Laguna, FCC (Philippines) Corp. is a subsidiary of
Japan's FCC CO., LTD., a global leader in automotive and motorcycle clutch
systems. The company manufactures and assembles clutch engine components for
leading global automotive and motorcycle brands and has a workforce of more
than 600 personnel at its Laguna facility. As part of its commitment to
sustainable growth, FCC CO., LTD., continues to strengthen its core clutch
business while expanding into electrification-related technologies by
leveraging its core expertise in die casting, press, and joining technologies
to support the evolving mobility industry.
(ISL News
Editor Team/Media OutReach Newswire ).
