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Staff Reporter

, Philippines

Published:

10 years ago

Major Philippine bank transitioning to solar power

This US$3.7 million project will be completed in three years. Bank of the Philippine Islands will enter into a build-operate-transfer agreement for the installation of solar panels at 400 of its branches nationwide. It will partner with Solarus Partners for the solar project, the first of its kind by a Philippine bank. Its branches at Ayala Avenue in Makati City and the town of Cainta in Metro Manila have been equipped with 5 KW solar panels. BPI expects to have half its branches fitted with solar panels that can produce 20 KW of power or 40% of its monthly electricity consumption.

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