Philippines: Meralco sets launch of solar power unit

Philippines: Meralco sets launch of solar power unit

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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Link to Original Article:
http://www.philstar.com/business/2017/01/10/1661121/meralco-sets-launch-sola
r-power-unit

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com