GreenHeat Corp. is allocating P2 billion to roll out 100 megawatts of solar rooftop projects in the next 18 months, a top executive said Tuesday.
“A number of these projects are in the pipeline. We have also secured financing for a number of them,” Glenn Tong, director of GreenHeat and its sister company GreenDot Corp., said in a briefing.
Tong said that since the COVID-19 pandemic, the demand for solar photovoltaic (PV) rooftop installations has surged, driven by a need for energy independence, cost savings and growing environmental concerns.
GreenHeat and GreenDot, two of the leading solar PV providers in the Philippines, addressed this market shift by installing systems for both businesses and households.
GreenHeat was founded in 2010 as an energy solutions provider for large scale businesses. In 2015, it established GreenDot as its residential arm to cater to the smaller size installations.
Operating cautiously during the pandemic, GreenHeat and GreenDot continued to serve their clients, offering energy-efficient solutions that have helped establishments and homes meet rising energy demands. “We are committed to addressing this demand for clean energy,” said Tong.
GreenHeat installed over 45 systems (17,791.92 kilowatt-peak) for businesses such as SM, Landers Superstores and Wilcon Depot since 2020, while GreenDot completed 45 installations (total of 17,791.92 kWp) for residences across the country.
Tong said the demand for clean energy solutions like solar PV continues to accelerate as businesses and households alike adopt sustainable energy practices. Alena Mae S. Flores
“It has always been our mandate to contribute to the global drive towards Net Zero carbon emissions. We now have new services and technologies that make solar PV systems more efficient, allowing owners to enjoy the benefits of renewable energy for a much longer period,” Tong said.
