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MRC eyes 12MW solar power projects

June 25, 2019

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MRC begins solar project in Mindanao

March 5, 2019

As published on ManilaStandard

 

Menlo Renewable Energy Corp., the renewable energy arm of listed company MRC Allied Inc., on Tuesday broke ground for a 1.1-megawatt solar photovoltaic rooftop project in one of the major malls in Mindanao.

 

 

MRC earlier said that Menlo Renewable signed a memorandum of agreement for the development, design, construction and installation of at least 1.1-MW solar rooftop system as a pilot project of its solar program. The company did not disclose the name of the mall because of competitive reasons.

 

 

“Under the MOA [memorandum of agreement], MREN will be the project developer and owner of the solar facility while a private entity, owning and operating the mall, will be the power off-taker,” Menlo Renewable said.

 

 

The solar power project, with total investment of P67.4 million, covers a cooperation period of 20 years starting the issuance of the acceptance certificate. 

 

MRC Allied has successfully diversified into other businesses such as renewable energy.

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