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.
The Energy Development Corporation (EDC) is a pioneer in generating 100% clean, renewable, and reliable power as an electricity supplier in the Philippines for over 40 years. With power plants all over Visayas and Mindanao, the company is one of the biggest producers of geothermal energy in Asia and is expanding its reach in the international market, allowing it to offer customers affordable energy rates. EDC also strives to provide the best customer service it can to all its clients by having helpful salespeople and easy to understand contracts. Because of all of this, it is poised to become the premier supplier of electricity for the Philippines’ Green Energy Option Program. EDC takes its mission as a renewable energy provider seriously and goes beyond sustainability by investing in programs that enhance the environment and empower its partner communities, thereby fostering regenerative development. The company has also been working toward being carbon-neutral by improving its energy efficiency, as well as implementing various greening projects to ensure that its mission to provide future generations with a better life remains intact.