Manila Bulletin

Ja­panese, PH firms launch so­lar ven­ture

- By MADE­LAINE B. MIRAFLOR Business · Renewable Energy · Solar Power · Clean Tech · Ecology · Investing · Energy · Environmental Economics · Industries · Philippines · Japan · Cagayan · Pililla

A new joint ven­ture was formed be­tween a Ja­panese firm and a Philip­pine-based firm to build as much as five megawatts of so­lar power fa­cil­i­ties in the coun­try over the next three years.

Philip­pine-based satel­lite broad­band ser­vice provider We Are IT (WIT) Philip­pines, Inc. on Tues­day evening has forged an al­liance with Ja­pan-based so­lar and wind energy devel­oper Eguchi Hold­ings, Co., Ltd. for the launch of Fu­jisan So­lar and Wind Energy Corp., a new com­pany that aims to de­velop the coun­try’s sus­tain­able energy sources and pro­vide the most ad­vanced emer­gency com­mu­ni­ca­tion tech­nolo­gies.

WIT chief op­er­at­ing of­fi­cer Joseph Mad­datu said in an in­ter­view with re­porters that the com­pany is plan­ning to ini­tially put up 2 to 3 megawatts of so­lar power fa­cil­ity at the first year of the joint ven­ture’s oper­a­tions.

The fa­cil­i­ties will be put up in dif­fer­ent lo­ca­tions in­clud­ing one in Ca­gayan Val­ley, one in Pililla, and another in Min­danao.

Mad­datu said Fu­jisa will try to put up as much as five megawatts over the next three years, adding that the in­vest­ment for each megawatt will re­quire the com­pany a US$2-mil­lion in­vest­ment.

Fu­jisan will bring so­lar pan­els cer­ti­fied by Ja­panese tech­nol­ogy into the coun­try.

“Through Fu­jisan’s re­new­able energy and su­pe­rior com­mu­ni­ca­tion tech­nol­ogy so­lu­tions, we look for­ward to bring­ing new in­vest­ments, bet­ter op­por­tu­ni­ties and bet­ter so­lu­tions,” Mad­datu fur­ther said.

For his part, Kat­suyoshi Eguchi, pres­i­dent of Eguchi Hold­ings, Co. Ltd. told re­porters this is the first over­seas in­vest­ment that his com­pany had done out­side Ja­pan.

“The Philip­pines has al­ways been blessed with an abun­dance of so­lar power and the coun­try is ready to har­ness this source of re­new­able energy.

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