Filinvest, Engie activate new solar project in Laguna
MANILA, Philippines – The joint venture firm of the Filinvest Group and ENGIE Services Philippines has activated a 3-megawatt (MW) solar rooftop project for a semiconductor firm’s facility in Laguna.
Filinvest-ENGIE Renewable Energy Enterprise Inc.’s (FREE) deal with Nexperia Philippines, Inc. covers the deployment of the solar facility to power the latter’s assembly and testing plant in Cabuyao.
Nexperia’s operation in the province involves producing up to one billion semiconductor components every year.
READ: Filinvest plans P24-B capex for 2025
“In an industry where a single power fluctuation can jeopardize millions of precision chips, reliability is not a luxury—it is a competitive edge,” Juan Eugenio Roxas, FDC Utilities, Inc., and FREE president and CEO, said in a statement.
“Through this project, we aim to help fortify Nexperia’s operations by improving the reliability and flexibility of its energy supply mix and shielding its lines from grid price volatility,” Roxas added.
An official of Nexperia also said the small solar project has been a good boost for its operations.
“We have the hour-by-hour, day-by-day generation stats, and it is working remarkably well. This installation places us as pioneers within our group,” said Gareth Hughes, Nexperia Philippines’ vice president and general manager.
FREE provides power solutions to key industries across the country.
In November last year, the company had also switched on a solar project in Cebu for Japanese medical device manufacturer Merasenko Corp.
Roxas said the Filinvest Group, through its energy generation arm FDC Utilities, would continue to expand its renewable energy portfolio.
FDC Utilities has a target of increasing its generating capacity from about 400 MW to 1,350 MW by 2033. The bulk, or 71 percent, of the increase would be sourced from renewable energy.
The company earlier said its expansion would be in support of the government’s goal to scale up renewables’ share in the electricity generation mix from 22 percent to 35 percent by 2030.
