Connect with us

Hi, what are you looking for?

News

Meralco unit installs 2 more solar rooftops

MANILA ELECTRIC CO. (Meralco) said on Thursday that its renewable energy unit has turned over solar rooftop projects to The Orchard Golf and Country Club and Biostar NutriProducts, Inc.

In a media release, MSpectrum, Inc. or Spectrum said it installed The Orchard’s solar panels, which have a combined capacity of 99.9-kilowatt-peak (kWp), at the country club’s facility in Dasmariñas, Cavite. The power source began operating early last year.

Since its completion, The Orchard’s solar rooftop has generated more than 125,000 kilowatt-hours (kWh) of clean energy equivalent to saving around 10,000 kWh in monthly consumption. In energy costs, the savings amounted to P785,000 last year, Spectrum said.

With the project, The Orchard’s carbon footprint was cut by about 89 tons, “which is equivalent to planting 4,100 trees or reducing approximately 355,000 kilometers in vehicle travel per year.”

Meanwhile, the project with Biostar, which distributes and manufactures animal health products, involves a 24.96-kWp rooftop facility at the company’s poultry farm in San Pablo City, Laguna.

Biostar’s solar rooftop was energized in April 2022 and has so far generated about 21,520 kWh, resulting in savings of nearly P167,000.

With the project, the company was able to cut its carbon footprint by 15.33 tons, or the equivalent of planting at least 700 trees or reducing yearly vehicle travel by 61,054 kilometers.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

The Independent Electricity Market Operator of the Philippines (IEMOP) is holding a big conference, the Philippine Electric Power Industry Forum (PEPIF) 2023, with the...

News

TIM MOSSHOLDER-UNSPLASH TECHNOLOGY is moving at lightning speed. In my lifetime alone, the world as we know it has orbited into a completely different...

News

A man wearing a protective mask is reflected on an electronic board displaying various companies’ stock prices outside a brokerage in Tokyo, Japan, Feb....

News

KREMLIN.RU/EVENTS/PRESIDENT/NEWS/60363/PHOTOS-COMMONS.WIKIMEDIA.ORG SEOUL — North Korean leader Kim Jong Un has overseen drills simulating a nuclear counterattack against the US and South Korea in a...

News

RAGHAVENDRA V KONKATHI-UNSPLASH LONDON — Some of the world’s leading makers of flu vaccines say they could make hundreds of millions of bird flu...

News

BW FILE PHOTO Productivity and customer experience management tools are the most sought-after tools among companies in the Philippines, with businesses of all sizes...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.