Solar electric power generator TotalEnergies ENEOS signed a deal with Kinpo Group, electronic manufacturing firm on Friday, to provide 11.9 megawatt-peak (MWp) solar rooftop photovoltaic (PV) system for its facility in Batangas.
In this agreement, TotalEnergies ENEOS said it will fully fund, install and operate PV system, while Kinpo Group will pay only for the electricity generated for 20 years, avoiding any upfront costs.
The Singapore-based TotalEnergies ENEOS said over 20,500 solar modules will be installed, while the PV system will generate 16,700 megawatt-hours (MWh) of renewable electricity annually, supply 17% of the energy needs of its facility and reduce its carbon emissions by about 8,000 tonnes of CO2 per year.
“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 Andrew Chen, executive chief of Kinpo Group.
In late October, TotalEnergies ENEOS also signed an agreement with metal manufacturer Real Steel Corporation (RSC) to provide a 16.8 megawatt-peak (MWp) solar rooftop photovoltaic (PV) system, with an aim to reduce operational expenses and carbon footprint of the nation’s first high-speed rolling mill.
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