TotalEnergies ENEOS, in partnership with Real Steel Corporation (RSC), a prominent steel manufacturer, has entered into a 10-year agreement to establish a 16.8 MWp solar rooftop photovoltaic (PV) system at RSC's state-of-the-art San Simon facility located in Pampanga. This sustainable energy initiative is designed to significantly cut operational expenses and carbon emissions at the nation's first high-speed rolling mill.
Featuring more than 22,000 solar modules, the PV system is anticipated to generate 26,000 MWh of renewable electricity annually, resulting in substantial cost savings and a remarkable annual reduction of 12,800 tons of CO2 emissions for RSC. This reduction is equivalent to the environmental benefit of planting 200,000 trees.
TotalEnergies ENEOS is strongly committed to partnering with both local and international businesses that have made significant contributions to the impressive growth of the Philippines over the past decade. Their mission is to provide affordable and clean energy, playing a pivotal role in the Philippine economy.
Per the agreement, TotalEnergies ENEOS will oversee the installation and maintenance of the PV system, while RSC will become the operator and owner once the system is commissioned. This unique arrangement ensures that RSC will have a cash flow neutral position during the initial decade, with full ownership and benefits of the asset over its approximate 30-year lifespan in subsequent years.
The signing of this agreement was attended by executives from Real Steel Corporation and TotalEnergies ENEOS, along with the presence of Marissa P. Cerezo, Director of the Department of Energy – Renewable Energy Management Bureau, and Remy Tirouttouvarayane, Deputy Head of Mission at the Embassy of France in Manila. Remy Tirouttouvarayane, Deputy Head of Mission at the Embassy of France in Manila, commended the collaboration between RSC and TotalEnergies ENEOS, describing it as a successful outcome of energy cooperation between the Philippines and France.
William T. Chen, Chief Finance Officer of Real Steel Corporation, expressed the company's commitment to promoting sustainability within the steel industry, underlining the importance of producing low-carbon, high-quality steel products for the Philippine market.
Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia, emphasized their dedication to supporting RSC's sustainability and growth goals through tailored renewable solutions, and their commitment to aiding companies like RSC in reducing energy costs and their carbon footprint.
Marissa P. Cerezo, Director at the Renewable Energy Management Bureau of the Department of Energy, praised RSC's initiative to lead the steel manufacturing industry towards a greener and more sustainable future, highlighting the positive contribution this agreement will make to the Philippines' renewable energy goals.
Tirouttouvarayane reiterated the importance of this initiative within the context of the energy transition faced by industries like steel manufacturing. He also emphasized the commitment of both Presidents Marcos and Macron to prioritize energy security in bilateral cooperation, and expressed his satisfaction with private sector-led projects that exemplify the French-Philippine partnership in the energy sector.
