Listed MRC Allied plans a solar rooftop capacity of 12 megawatts in the next two years, while continuing to pursue 210 megawatts of ground-mounted solar projects.
MRC Allied through subsidiary Menlo Renewable Energy Corp. will also complete its rice mill and mall solar rooftop projects.
The company is laying the groundwork to become a major player in the renewable energy industry that will ultimately enhance shareholder value after successfully transitioning into a bigger and better company last year.
The company is now in the process of implementing its new vision and roadmap consistent with its focus to become a major RE player, under its new management team headed by its president and CEO Augusto Cosio Jr.
“We are challenged to continuously work for MRC’s success and we are encouraged to deliver, produce results, exceed stockholder’s expectations as well as eventually improve shareholder’s value,” Cosio said.