Robinsons to install solar panels in 2 Iloilo malls
Originally published on Business World Online
ROBINSONS Land Corp. (RLC) tapped solar panel provider Buskowitz Group to install rooftop solar panels in two of its shopping malls this year.
In a statement Monday, Buskowitz Group said it is expanding its agreement with the Gokongwei-led property developer with 4,300 panels scheduled to be put up starting this month.
“RLC started the operation of off-grid rooftop solar panels on malls back in 2014 and this year, Buskowitz Energy is set to install more than 4,300 solar panels on Robinsons Place Jaro (597.04 kilowattpeak) and Robinsons Place Pavia (1,102.28 kilowattpeak) a total of 1.7 MW (megawatts),” it said.
The installation of the solar panels will begin this June and is expected to be completed by September. The two Robinsons malls are both located in Iloilo.
“We believe that as a leading property development company with nationwide reach, we have a compelling role to play in realizing the Philippines’ collective aspiration that envisions every Filipino to have a strongly rooted, comfortable, and secure life,”
RLC President and Chief Executive Officer Frederick D. Go was quoted as saying.
For his part, Buskowitz Chief Executive Officer James Buskowitz said the project helps the company in increasing awareness for using solar panels as a means of using renewable energy.
“Next to schools, Filipinos spend a lot of time in malls, so having solar power on a mall is one fantastic way to educate and spread awareness on renewable energy; and to make mall-going a little less heavy on the environment,” he said.
RLC booked an attributable net income of P1.83 billion in the first quarter, a growth by 19% from the same period last year, driven by higher real estate sales and better hotel revenues. — Denise A. Valdez