GOLDILOCKS Bakeshop Inc. has partnered with First Gen Corp. for the construction and long-term operation of a solar power facility for its production plant in Cebu as part of efforts to expand its use of renewable energy.
The two companies on Thursday inaugurated a 516-kilowatt-peak solar photovoltaic system installed at Goldilocks’ commissary in Lapu-Lapu City.
The facility will help supply the energy requirements of Goldilocks stores in Cebu, Bohol, Dumaguete, Masbate and Siquijor.
The project is covered by a solar power purchase agreement finalized in November 2025, under which First Gen constructed and installed the rooftop solar facility, and will maintain it over the next 10 years.
Goldilocks said the project forms part of its sustainability initiatives and efforts to reduce electricity costs through renewable energy use.
“We are pleased to begin this partnership with First Gen to help us achieve our sustainability goals,” said Marilou Plando, head of manufacturing for the Visayas.
“So far, we have started to see tangible results from our ability to generate part of our energy requirements from solar energy,” she added.
Plando said the solar facility also provides greater power supply stability and security while supporting environmental preservation efforts.
For its part, First Gen said the partnership supports its broader push to help businesses shift toward cleaner energy sources.
“We are privileged to help empower Goldilocks in generating their own solar power,” said Mark Malabanan, head of solar and commercial business at First Gen.
“We look forward to a deeper partnership and collaboration with them as we move forward with our shared vision toward a decarbonized future,” he added.
First Gen said it currently has 1,700 megawatts of renewable energy capacity from hydro, geothermal, solar and wind facilities nationwide.
The company’s shares on Thursday rose P0.20, or 1.27 percent, to close at P16.00 each.
 

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