Berde Renewables Zero-Capital Solar PPA and BESS

Berde Renewables is a Philippine renewable energy developer and a portfolio company of I Squared Capital, a global infrastructure investment manager. It develops rooftop and ground-mount solar for factories and commercial projects and targets a portfolio of at least 500 MW by 2028.

The company sells solar power to commercial and industrial customers through power purchase agreements, including zero-capital structures in which the customer pays no upfront cost. Projects range from a few hundred kWp to several MWp, such as a 25-year, 1.685 MWp agreement with Big E. In 2026 it partnered with inverter and storage maker Sungrow and Solar Hive to deploy 200 MW of solar and 500 MWh of battery energy storage in Southeast Asia.

• Solar PPA: long-term power purchase agreements for factories and commercial buildings.
• Zero-capital structure: the developer funds the system so the customer pays no upfront cost.
• Rooftop and ground-mount: solar projects on roofs or on land next to the facility.
• Battery storage: BESS deployment through the partnership with Sungrow and Solar Hive.
• Project range: systems from about 360 kWp to more than 3 MWp.
• Quote request: an online form for businesses to request a PPA proposal.

Cement, water and toll-road operators can sign a zero-capital PPA to supply part of their load with solar. Factories in Vietnamese industrial parks could use the same solar-plus-storage model to cover evening demand. Shopping centres can install rooftop systems under a long-term contract.

Commercial and industrial customers buy solar electricity under a PPA with no upfront capital. Long contracts, such as 25 years, give predictable energy costs. Battery storage from the Sungrow partnership can extend solar use beyond daylight hours. The company reports 40 local solar projects and about 4.19 million kWh generated.

Philippine and Vietnamese industrial users face high grid tariffs and rising pressure to decarbonise. Solar paired with battery storage is becoming the standard offer for commercial and industrial customers in Southeast Asia, supported by infrastructure funds that finance zero-capital PPAs.

Portfolio company of I Squared Capital, based in the Philippines. Named customers include Holcim Philippines, CCLEX, Cavitex, Ace Water Spa, RPMC and Big E. Targets at least 500 MW of portfolio capacity by 2028, and signed a 200 MW solar and 500 MWh storage framework with Sungrow and Solar Hive in July 2026.