Marikina mall shifts to solar

BY LENIE LECTURA – OCTOBER 14, 2022
from Business Mirror

Spectrum, a wholly owned subsidiary of the Manila Electric Company (Meralco), will put up a 1.5-megawatt peak (MWp) of solar photovoltaic (PV) system for Riverbanks Development Corp. (RDC).

The new solar energy project will be installed at the Riverbanks Center, an integrated commercial complex within a 23-hectare property along A. Bonifacio Avenue in Marikina City.

It is targeted to be completed by March 2023 and is expected to generate approximately 2,000,000 kWh of clean energy every year, allowing Riverbanks to save about P14 million in energy costs annually.

Riverbanks will likewise reduce its carbon footprint by an estimated 1,400 metric tons per annum, which translates to almost 3 million trees planted in twenty years and 5,800,000 kilometers reduced in vehicle travel per 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 towards becoming a sustainable business,” said Spectrum Chief Operating Officer, Patrick Henry T. Panlilio.

Riverbanks is the newest addition to the roster of international and local companies that engaged Meralco and Spectrum to advance their sustainability goals through clean energy.

Spectrum offers tailor-fit solutions for industrial, commercial, and residential customers through an in-depth understanding of energy consumption behaviors and strategic partnerships with world-class technology partners.