By Danessa Rivera (The
Philippine Star) | Updated January 10, 2017 - 12:00am
Manila Electric Co. (Meralco) is
launching its new solar subsidiary this week that will put up solar power
rooftop solutions in commercial, industrial and residential sectors. File
photo
MANILA, Philippines - Manila
Electric Co. (Meralco) is launching its new solar subsidiary this week that
will put up solar power rooftop solutions in commercial, industrial and
residential sectors.
In a press statement, Meralco said
it would unveil its solar unit called Spectrum to formally signal its entry
into the renewable energy space.
“Our vision is to provide clean
renewable, affordable and safe energy solutions to Filipinos today and
Filipinos of the future,” Spectrum president Jose Rainier Reyes said.
“We want to empower commercial,
industrial and residential customers with optimal and world-class energy
solutions through the development of rooftop and utility-scale solar PV
(photovoltaic) projects,” he said.
For its maiden project, it has
installed a solar program at Robinsons Novaliches Trade Hall. Currently,
Robinsons Novaliches has contracted 1.875 megawatts (MW) of solar power
solution for its own power requirements.
For customers, Spectrum’s services
offer a solar PV system that converts sunlight into electricity to power homes
and businesses. Interested customers may opt to purchase or lease the complete
system from Spectrum.
Benefits of solar adoption include
monetizing one’s roof, enhancing property value, and reducing utilization of
air-conditioning units, since solar panels provide insulation from the heat of
solar radiation.
For partners, Spectrum offers
end-to-end technical capabilities, and is supported by world-class service and
product providers.
Meralco first announced its target
to enter the renewable energy sector in 2015, when its chairman Manuel V.
Pangilinan said they are looking at opportunities in the solar space by
spinning off a new power generation subsidiary.
Meralco president Oscar Reyes also
said the company is in discussions with developers of RE projects which include
solar, wind, run-of-river, other hydro projects and gas.
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