Spectrum, a wholly owned subsidiary of power distributor Manila Electric Co. (Meralco), will construct a solar farm on the rooftop of Riverbanks shopping mall in Marikina City.
The partnership between Spectrum and Riverbanks Development Corp. entails the installation of a 1.5-megawatt peak solar photovoltaic system for Riverbanks Center. Completion is seen by March next year.
Once switched on, the facility is projected to produce about 2 million kilowatt-hours of clean energy yearly.
Riverbanks is seen to save about P14 million in energy cost every year from the solar project. The company is also expected to reduce its carbon footprint by about 1,400 metric tons a year, equivalent to the planting of almost three million trees in 20 years and the reduction of 5.8 kilometers in vehicle travel in a year.“
Providing a clean energy solution specifically designed for Riverbanks’ needs and goals is Spectrum’s mandate as a renewable energy company.
“This pilot solar rooftop project with Riverbanks is just the beginning, and Spectrum will be with them as they embark on this journey toward becoming a sustainable business,” said Spectrum chief operating officer Patrick Henry Panlilio.
“Spectrum gave us the opportunity to achieve sustainability through solar energy. As their partner, we expect to reap huge energy savings while contributing to environmental care. It’s a win-win situation for all parties, including Mother Earth. It’s the best kind of synergy,” Riverbanks president Rosario Carlos said.
Riverbanks Center is situated in a 23-hectare property along A. Bonifacio Avenue. It was developed as an eco-friendly and integrated development for business and recreation.
Spectrum is Meralco’s solar power company which offers tailor-fit renewable energy solutions for industrial, commercial and residential customers.
Using solar technology, it has energized five business centers of PLDT Inc. in the Visayas, the manufacturing plant of Avon in Laguna and five branches of Wilcon Depot Inc. outside Metro Manila. INQ
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