Mindanao Businesses Embrace Solar Power with Landmark 8.4 MW Agreement - CleanTechnica

A landmark 8.4 MWp solar power purchase agreement (PPA) has been signed between Berde Renewables, KCC Malls, and Biotech Farms in Mindanao, Philippines, marking a significant step toward sustainable energy adoption in the region. Mindanao, known for its high energy demand and reliance on fossil fuels, also possesses substantial renewable energy potential, including solar, wind, hydroelectric, and geothermal sources. Under a zero-CAPEX model funded entirely by Berde Renewables and backed by I Squared Capital, the project will supply clean, cost-efficient solar power to three KCC Malls and a Biotech Farms facility without requiring upfront investment from the businesses. Once operational, the solar installations are expected to generate around 13 million kWh of clean energy annually, resulting in monthly savings of approximately ₱5.8 million and reducing carbon dioxide emissions by 9,600 tons per year. This agreement exemplifies a growing trend among energy-intensive sectors in Mindanao,