MRC Allied has entered into solar power generation with the launch of its first solar PV project.
The company will install solar PV rooftop facilities in Northern Luzon with an aggregate capacity of 550 kilowatts per hour.
“As we break ground our pilot project, we want to inform our investing public that indeed MRC is serious in setting foot into the solar PV and renewable energy space and not only that, by implementing these projects we are improving and giving shareholder value to our stockholders,” said MRC president and CEO Augusto Cosio Jr.
Cosio said MRC was looking at adding more capacity in terms of solar PV rooftop installation within Northern Luzon.
“We are happy that we are also setting up the facility in rice mills because we get to contribute to the country side development by giving the Agricultural sector an access to renewable energy technology solutions such as this while enjoying the savings of cheaper cost of power. In turn, it will lower down the cost of production which might eventually lead to reduce the price of agricultural products in the future,” he said.
