Mp-Tec completes first solar project in Philippines

May 31, 2013 - German solar systems provider Mp-Tec GmbH & Co. KG connected to the grid its first solar project in the Philippines, the company said yesterday.

The firm installed two rooftop power plants with a capacity of 2.5 KWp each on top of the Ayala Avenue branch of the Bank of the Philippine Islands (BPI).

BPI CEO Cezar Consing considers the project as a pilot one and plans to equip further of BPI's more than 700 branches with photovoltaic (PV) installations. The bank is currently examining which of the branches are especially affected by electricity blackouts or have no electricity at all.

The rooftop plant is expected to reduce the energy costs of the Ayala Avenue branch by 25%.

Mp-Tec commissioned the project to local Solarus Partners Inc.

No financial details were disclosed.

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