The agreement for the 1.9-megawatt solar rooftop project was signed by TotalEnergies of France and SteelAsia last January 9, 2024.

SteelAsia Manufacturing Corp., the country’s largest steel company and one of the world’s largest manufacturers of rebars, will install solar power at its Meycauayan, Bulacan facility, its latest sustainability initiative.

The agreement for the 1.9-megawatt solar rooftop project was signed by TotalEnergies of France and SteelAsia last
January 9, 2024.

SteelAsia president Andre Y. Sy said this is the company’s latest action to decarbonize and protect the environment while it expands its operations. The company has six plants all over the country with additional plants
planned in the coming years.

Once operational, the solar plant will displace 2.3 million kg of carbon dioxide every year, thus contributing to the company’s commitments under the Paris Agreement to keep global warming at a maximum of 1.5 degrees centigrade above pre-industrial levels.