About the product
Central Mall Biñan (0.7 MW)
SP entered a Solar Power Purchase Agreement (PPA) with Premiumlink Development Corp. in February 2014 for a rooftop project on Central Mall Biñan. The project was financed by Solar Philippines, with a term loan from the Bank of the Philippines Islands (BPI), which after extensive due diligence marked the first time a Philippine bank has financed a solar rooftop project.
Under the PPA, the mall consumes the plant’s output to augment 30% of its electricity needs. Solar Philippines charges the mall monthly for the electricity it consumes at below Meralco rates.
SP entered a Solar Power Purchase Agreement (PPA) with Premiumlink Development Corp. in February 2014 for a rooftop project on Central Mall Biñan. The project was financed by Solar Philippines, with a term loan from the Bank of the Philippines Islands (BPI), which after extensive due diligence marked the first time a Philippine bank has financed a solar rooftop project.
Under the PPA, the mall consumes the plant’s output to augment 30% of its electricity needs. Solar Philippines charges the mall monthly for the electricity it consumes at below Meralco rates.
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