PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

Imperial launches solar mass housing

By Alena Mae S. Flores | Nov. 27, 2014 at 11:15pm [ ]

Imperial Homes Corp. said Thursday it will build the country’s first solar-powered mass-housing community that will reduce electricity rates by P1 per kilowatt-hour.

“We expect electricity rates to be at least P1 per kWh lower,” IHC president and chief executive Emma Imperial told reporters in a news briefing.

The solar-powered community called Via Verde is composed of 1,000 mass-housing units in Santo Tomas, Batangas.

Via Verde is located on a three-hectare property with a combination of row houses and two-bedroom townhouses.

Each townhouse will have 500 watts of
solar panels
installed for free to enable buyers to enjoy lower electricity rates through the lease-back program of Enfinity of Belgium, Imperial’s partner in the project.

Imperial signed a joint venture with Enfinity Group, a Belgian company that finances, builds, owns, operates and maintains solar panels with operations in the United States.

Imperial said it would spend P600 million to construct the housing while Enfinity allocated $1 million for the installation of the solar panels.

CBL Group, a UK-registered and China-based company, will provide green panels for pre-fab and modular housing.

“These solar-powered homes will dramatically reduce the cost of electricity and provide a greener environment for our low-cost housing projects,” Imperial said.

The project aims to alleviate the country’s backlog on mass housing currently pegged at three million as well as help provide a greener solution against the worsening effects of climate change.

real estate central philippines
Copyright ©2008-2018