August 29, 2025 | 12:00am
MANILA, Philippines — Berde Renewables Inc., a portfolio firm of US-based I Squared Capital, has signed an influence deal to ship clear energy to 3 purchasing facilities and an agro-industrial park in Mindanao.
Berde Renewables has finalized an 8.4-megawatt (MW) peak solar energy buy settlement with KCC Malls and Biotech Farms.
The settlement will facilitate the supply of solar energy to 2 KCC Malls in South Cotabato and one other one in Zamboanga.
The deal will likewise energize the operations of Biotech Farms’ agro-industrial facility in South Cotabato.
“Berde Renewables has been constructing momentum within the nation’s clear vitality transition, and in the present day we’re accelerating that shift to a brand new peak,” firm president and co-founder Patrick Zhu mentioned.
“This partnership reveals how industries can work collectively to make renewable vitality ship actual financial worth and lasting influence for communities,” he added.
Below this strategic tie-up, Berde Renewables is ready to totally finance the photo voltaic mission and oversee its improvement, operations and upkeep.
As soon as operational, the mission is anticipated to supply round 13 million kilowatt-hours of fresh energy yearly, leading to an estimated P5.8 million in month-to-month vitality financial savings.
“By integrating clear vitality into our operations, we’re elevating our requirements in retail sustainability whereas making certain that our malls stay resilient, environment friendly and aligned with the long-term wants of the communities we serve,” KCC Malls CEO Arvin Chan mentioned.
Biotech Farms renewable vitality director Rainnyl Chiang, in the meantime, mentioned the partnership reinforces their dedication to “round economic system rules whereas making certain secure, cost-efficient energy for our enterprise.”
With the backing of I Squared Capital, Berde Renewables was in a position to develop 45.7-MW of photo voltaic tasks within the Philippines.
Its portfolio contains 31-MW of under-construction tasks and a 144-MW improvement pipeline.
