FCC (Philippines) Corp., a subsidiary of Japan’s FCC CO., LTD., has entered into a long-term power purchase agreement for a 1,500 MWh onsite solar installation.
The deal, signed with Peak Energy, is designed to reduce the company’s electricity expenses by 30% compared to standard grid rates.
The agreement underscores a broader shift among industrial manufacturers in the Philippines toward self-generation and renewable energy procurement.
With grid electricity prices remaining volatile, securing fixed, lower-cost power through onsite solar offers a tangible margin benefit for capital-intensive operations like motorcycle clutch system production.
FCC Philippines is a key global supplier to major automotive and motorcycle brands, including Honda and Yamaha.
The company’s decision to invest in renewable infrastructure aligns with growing pressure on global supply chains to decarbonize operations while managing input costs.