Advertisement

MRC Allied, Uni Solar sign solar energy deal

Listed MRC Allied Inc. said it signed a memorandum of understanding with Uni Solar Inc. to develop solar energy projects in the country.

“The purpose of the MoU is to confirm that both parties have an interest in developing Solar Photo Voltaic Rooftop projects in the Philippines as identified by Uni Solar,” MRC Allied said in a disclosure to the stock exchange Wednesday.

Uni Solar is a company based in the Philippines which is engaged in the business of design, global sourcing, local distribution, manufacturing and sales of quality and environment-friendly solar power products especially in solar photo voltaic for rooftops.

MRC Allied said that under the agreement, it would conduct a due diligence for a period of one year. 

 “The purpose of the due diligence is to allow MRC to make a decision to pursue solar photo voltaic rooftop projects with Uni Solar,” the company said.

MRC Allied has been aggressively pursuing renewable energy projects following its announcement to develop at least 1,000 megawatts of clean and renewable energy in the next five years  that  would require investments of about P80 billion to P100 billion.

The company also executed an MOU with China Energy Engineering Group Guangdong Power Engineering Co. Ltd. for the possibility of developing renewable energy projects in  the country.

GPEC is based in Guangzhou in China and engaged in exploration, development and construction of energy projects.

Topics: MRC Allied Inc. , Uni Solar Inc. solar energy projects , Solar Photo Voltaic Rooftop
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementKPPI
Advertisement