By Danessa O. Rivera (The
Philippine Star) | Updated December 22, 2015 - 12:00am
MANILA, Philippines - Manila
Electric Co. (Meralco) targets to build a portfolio of up to 100 megawatts (MW)
from solar rooftops in the next three years.
The company has firmed up plans to
put up a separate unit for its solar-powered investments, Meralco president
Oscar S. Reyes said.
“We will put up another unit of
Meralco called MSpectrum,” he said. “We can look at solar and wind but its
focus will initially be solar. Wind, will remain with Meralco PowerGen because
it’s big scale.”
Meralco’s power generating projects
are under Meralco PowerGen Corp., which is building a portfolio of up to 3,000
MW of new power capacity, mainly from baseload power plants, to address the
growing energy demand in the country.
Under MSpectrum, Reyes said the firm
now in the development stage will go into solar rooftops within its franchise
area.
“We are targeting bigger commercial,
industrial customers. We don’t have a firm target yet, but maybe over three
years, aspirational is up to 100 MW,” he said.
Meralco announced in July it will be
putting up another subsidiary for its renewable energy projects, starting with
solar technology. It will also look at wind, run-of-river, other hyropower and
gas projects.
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