THE Philippine Economic Zone Authority (PEZA) tapped IEK HQ Special Energy Philippines, Inc. to partner in powering the Baguio City Economic Zone (BCEZ) with renewable energy (RE).
In a statement on Tuesday, PEZA said that it signed a memorandum of understanding with the power company to formalize their partnership for a rooftop solar installation project within the BCEZ.
Slated to be one of the largest solar energy installations in the region, the project aims to transform unused rooftop spaces into energy-generating assets to supply clean and RE power to the locators.
“The project will likely be implemented in phases, with the first phase targeting key industrial buildings within BCEZ. As more rooftops are outfitted with solar panels, the total capacity will grow incrementally,” the company said in a press release.
Meanwhile, PEZA said that the company presented plans for multiple solar power plants in the country, which have a total installed capacity of seven megawatts-peak.
“These solar facilities are set to power the Baguio City Economic Zone, based on initial assessments and site information provided by PEZA Pampanga,” the investment promotion agency said.
According to the company, the project aims to position the BCEZ as a model for other economic zones looking to adopt green technology.
The Department of Energy plans to increase the share of RE in the country’s power generation mix to 35% by 2030 and 50% by 2040. — Justine Irish D. Tabile
