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Pilot project: solar energy for branches of the Bank of the Philippine Islands

MANILA/PHILIPPINE ISLANDS, EBERSWALDE/GERMANY, June 12, 2013 - The German-based solar system integrator mp-tec GmbH & Co. KG is pushing forward its move into the Philippine market, with pilot systems now connected to the power grid. These include two 2.5 kWp installations on the roof of the Ayala Avenue branch of the Bank of the Philippines (BPI), making the bank the first in the country to obtain its electricity from its own photovoltaic system.

Cezar Consing, CEO and President of BPI, sees the installations as a pilot project and is now planning to equip more of the 700-plus branches of BPI Group with photovoltaic systems. This is an attractive option, he says, because electricity in the Philippines is relatively expensive compared to its neighbors and the country is frequently plagued by outages. “It’s a good start, and I hope it continues,” said Consing at the inauguration of the installations in late May. Currently BPI explores which branches are affected by power outages frequently and which ones are not even connected to the public grid. BPI values solar energy as a smart option for those branches.

mp-tec is delighted by the successful project kick-off: “We hope we can supply more branches with solar energy in the near future. The installations will not just have a positive effect on security of supply and the bank’s energy costs. We are sure that they will be well perceived by customers and partners,” says Michael Preißel, CEO of mp-tec.

The installations inaugurated a few days ago are located in the immediate proximity of the banking group’s headquarters and are expected to cut the branch’s energy costs by around 25 percent. In keeping with the bank’s sustainability initiative, the model branch is also due to be refitted with LED
lighting and a rainwater harvesting system. The systems were installed by the Philippine project partner Solarus Partners Inc., which also works closely with mp-tec in developing utility-scale ground based and on-roof system projects.

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