Energy Development Corporation
EDC and Gaisano Capital commission largest solar rooftop system in Iloilo
Energy Development Corporation (EDC) and Gaisano Capital successfully inaugurated the 1.03-MW solar rooftop system in Gaisano Capital's mall in La Paz District, Iloilo City on January 11. The solar rooftop system, currently the largest in the province, can supply up to 50% of the mall's daytime load resulting in significant savings in electricity cost for Gaisano Capital. More importantly, the system, which sources power directly from the sun and does not require the use of fossil fuels or other harmful gases to operate, will avoid emitting 770 metric tons of CO2 annually.
"The solar rooftop systems have come down in price and will continue to do so. We will harness solar so we can provide cleaner and more affordable energy options to our customers. Both the customers and environment win so it's a business we are committed to," EDC President and COO Richard Tantoco said.
"We are happy to see the completion of our largest solar rooftop project and provide added value to our La Paz customers. We are one with EDC in promoting the use of and enhancing our operations with cleaner energy technologies. This is our own contribution to reduce the negative impacts of climate change," Gaisano Capital Vice President for Operations Edmund Gaisano, Jr. explained.
EDC and Gaisano Capital have finalized agreements for the installation of similar solar rooftop systems in the latter's five other malls in Panay island.
The project is EDC's initial venture in the solar rooftop industry and the latest addition to the company's clean energy portfolio which includes 1,169 MW of geothermal, 150MW of wind, 132MW of hydro and 7MW of solar energy.
EDC is part of the Lopez Group of Companies. It is the largest producer of geothermal energy and one of the leading renewable energy companies in the country.
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Energy Development Corporation (EDC)