MANILA, Philippines — Lopez-led First Gen Corp. has secured a deal to build and operate a rooftop solar facility that will power the Philippine operations of Japanese multinational firm NKC Group.
The deal covers the installation of a 1.84-megawatt-peak solar photovoltaic (PV) system at the production facilities of NKC Manufacturing Philippines Corp. (NKC Phils.) within the Mactan Economic Zone in Cebu.
After finalizing the agreement on May 14, First Gen started construction of the solar PV system, with the completion expected before the end of the year.
“Rising labor costs, inflation and the fact that our industry consumes a lot of heat come with considerable impact on us,” NKC Phils. president Norihiko Matsuda said.
Founded in 1997, NKC Phils. manufactures precision rubber seals, plastic and metal retainers, bearing-related products and sash rollers for windows and sliding doors for the automotive and industrial sectors.
Its parent company, NKC Group, is involved in the manufacture of specialized industrial components, automotive parts and automated logistics systems under the NKC brand.
“The impetus for using solar power stems from our environmental concerns while ensuring stable energy supply. By integrating solar power into our operation, we are choosing to power our growth with renewable energy,” Matsuda said.
Through the partnership with First Gen, NKC Phils. is also expected to optimize power costs while reducing carbon emissions.
“We appreciate partners like NKC that have sustainability and customer experience at heart. We share their vision of offering high-quality products at reasonable costs, made with the lowest carbon footprint,” said Mark Malabanan, First Gen Energy Solutions vice president for solar and commercial business development.
First Gen is one of the country’s leading renewable power producers, operating a portfolio of 31 facilities that generate electricity from solar, wind, hydro and geothermal energy.
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