Philippines, 18 April 2023 – ENGIE, a global leader in low-carbon energy and services with Filinvest-ENGIE Renewable Energy Enterprise, Inc. (FREE), has inked a memorandum of understanding (MOU) with Merasenko Corporation. Through this MOU, Merasenko, a leading medical products and solutions company, will explore opportunities for implementing renewable energy and energy efficiency solutions across its project sites in the Philippines.
Under this agreement, ENGIE will conduct detailed energy audits and desktop studies to determine the feasibility of various green energy and energy efficiency solutions for Merasenko. FREE, a joint venture company between FDC Utilities, Inc. (FDCUI), the power utility arm of Filinvest Development Corp. (FDC), and ENGIE Services Philippines, established in 2018 to deploy sustainable solar solutions, will undertake any solar projects agreed with Merasenko based on ENGIE's recommendations.
"ENGIE and FREE are proud to leverage our sustainable energy expertise to support Merasenko in advancing its decarbonization in the Philippines," said Thomas Baudlot, CEO Energy Solutions APAC, Country Head Southeast Asia, ENGIE South East Asia and Director of FREE, adding, "I believe this partnership will demonstrate that strategic implementation of clean energy and energy efficiency measures can save money and improve operations, while helping companies fulfil their social responsibility to minimize climate-related threats."
Prior to the MOU, Merasenko appointed FREE to develop a solar photovoltaic system for their facility in Cebu Light Industrial Park, Cebu City, Philippines, earlier this year. The rooftop solar system is expected to be operational in the first quarter of 2024, and will reduce Merasenko's carbon emissions by more than 3,500 tons over the 20-year contract period, equivalent to removing over 15,000 gasoline-powered cars from the road. The system will be governed by a solar power purchase agreement (PPA), which will cover the construction and ownership of the new equipment installed, operation and maintenance of the solar system and transfer of the equipment at the end of the contract period.
"As a company we have a desire and an obligation to be part of the green transition, and to align with the global decarbonization goals for 2030," said Engr. Jojie Tejano, VP Operations, Merasenko.
"As companies strive to establish and achieve their net-zero commitments, it's essential that corporations adopt concerted efforts to curb the effects of higher energy costs, climate change, and other manufacturing operational hurdles. This project is a step in the right direction in balancing growth, profit, and sustainability. Filinvest and ENGIE are proud to help Merasenko reach the top of the energy efficiency mountain," said Roderick Fernandez, Vice President for Corporate Planning and Project Development at FDCUI.
The ceremonial signing recently took place at Waterfront Mactan Hotel in Cebu, Philippines marking a significant new milestone in Merasenko's sustainability journey, enabled by ENGIE.
ENGIE is a global reference in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerating the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers.
In Southeast Asia, we are a fast-growing team of nearly 2,000 employees. With a geographical focus in Singapore, Malaysia, and the Philippines, we bring efficient energy solutions spanning from integrated facilities management and low-carbon infrastructure (district cooling, EV charging, onsite solar, etc.) to large-scale renewables to our clients across the industry, real estate, and data center sectors. We act throughout the value chain to help our clients decarbonize today, for a better tomorrow.
Filinvest-ENGIE Renewable Energy Enterprise, Inc. (FREE) is a special purpose company established to finance, build and operate renewable energy projects across the country. Registered with the Securities and Exchange Commission (SEC) in November 2018, FREE is a joint venture between FDC Utilities, Inc. (FDCUI), the power utility arm of the Filinvest group, and ENGIE South East Asia Pte Ltd. (doing business under the name ENGIE Services Philippines (ENGIE). The company focuses on developing solar energy rooftop systems for Philippine customers. Its technology allows consumers to save up to 30% of their energy spend while reducing their carbon footprints and decreasing grid dependency. FREE has multiple renewable energy projects in the pipeline with the end view of promoting sustainable energy solutions to prospective industrial and commercial customers and supporting the Philippine government's initiatives in reducing the country's dependence on fossil fuels.
Merasenko Corporation a leading manufacturer of medical devices, is committed to delivering products designed and developed according to prevalent customer needs. We manufacture these products under sanitized conditions, in accordance with customer specifications and in compliance with the applicable regulatory requirements and other interested parties.
ENGIE South East Asia press contact(s):
Regional Head of Marketing & Communications
ENGIE South East Asia
M: +65 9155 5600
Manager, Regional Marketing & Communications
ENGIE South East Asia
M: +65 8176 0736
FREE press contact(s):
Media Affairs & Branding Specialist
FDC Utilities Inc.
M: +63 915 248 9252