Spectrum, the renewable subsidiary of Manila Electric Company (Meralco), targets to double its installed capacity for renewable energy in 2020.
On the sideline of the inauguration of City of Dreams’ 1.2-megawatt solar power facility Monday, Spectrum President Victor Genuino told reporters that the company aims to install additional 20-MW renewable energy facilities across the country this year, ending the year with a total of 40 MWs in installed capacity.
“We’re going to aim to double,” Genuino said. “Maybe we want to add another 20 (megawatts) this year.”
He said among the major projects of Spectrum this year include the installation of energy facilities in Isla Verde and Cagbalete, with a capacity of less than one megawatt each.
Genuino said the company is optimistic to double its installation capacity this year, as there are existing power purchase agreements (PPAs) as well as new commercial and residential projects.
“Our mandate is really to look after industrial and commercial rooftop projects and customers. So we have bid and won a couple of big projects, a couple of big accounts,” he added.
Genuino said Manny Villar’s Vista Mall is tapping Spectrum to install solar panels for their malls.
“Before, it used to be so expensive to put up a solar solution. But now, what we are seeing and what customers are seeing is, they can actually get payback. So a lot more people are adapting to the technology,” he added. (PNA)
