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  DBP supports solar power project
October 23, 2017

DBP recently granted a P78-million term loan to UGEP Solar 1, Inc. to finance the construction and installation of two photovoltaic rooftop solar power projects with a combined output of 2.1 MWp. The project is in line with DBP’s thrust to help the country achieve energy independence through the development of renewable energy resources.

Under a Photovoltaic Installation Lease Agreement, UGEP Solar will install, manage, and maintain the solar system of its commercial and industrial clients. The company will manage the system for 15 years during which its clients can enjoy the benefits of solar power.

UGEP Solar is a special purpose company of Upgrade Energy Philippines (UGEP Phils.), a joint venture between Philcarbon, a Philippine-based renewable energy company with over 10 years of experience in the development of renewable energy projects, and Upgrade Energy, a Belgium-based turnkey supplier of industrial energy solutions.

UGEP Phils. established UGEP Solar to offer sustainable energy and energy efficiency solutions for energy intensive companies via solar equipment lease. It aims to help small and medium enterprises in the country become more energy efficient, meet new energy standards and generate savings on power costs.

EVP Mario Palou (second from right) shakes hands with UGEP Solar 1 Inc. president Ruth Yu-Owen after the loan agreement signing. Also in photo are SAVP Raymond Valdez, UGEP Solar 1 Inc. chief finance officer Jocelyn Anivado and Mgr. Christian Joseph Presa.


 
NEWS UPDATES
 

DBP wins award for promoting countryside development
October 23, 2018

DBP partners with Metrobank Card for e-payment of real property tax
October 12, 2018

DBP bankrolls Cebu skyscrapers
October 08, 2018

DBP boosts CSR initiatives with P500 million scholarship, Palawan Reforestation project
September 21, 2018

DBP extends P2-B assistance for relending to uniformed personnel
September 14, 2018

DBP net income rises 4% in first half of 2018
September 07, 2018

DBP installs first ATMs in unbanked island in Romblon
August 29, 2018

DBP inks P2 billion loan deal with RE firm
August 24, 2018

DBP funds low-cost housing project in Batangas
August 02, 2018

DBP extends P1.7-billion to Cabanatuan infra projects
July 24, 2018

 
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