Japan’s Advantec inks deal with Philippines to supply renewable energy to factories

Japan’s Advantec has entered into partnership with the Philippines to supply renewable energy to factories.

The duo has inked a memorandum of understanding with an aim to set up emergency backup power systems in the country.

As per the company, solar power systems will have an annual generation capacity of 3.6 gigawatt-hours. The systems will be installed on the roofs of more than 30 factories.

"We use our ecosystems, including solar power systems, battery storage, energy management systems, and then build a smart city," Noriaki Sanada, director of local subsidiary Advantec Philippines, was quoted in a statement.

It further informed that that power will be supplied to factories by Philippine Economic Zone Authority (PEZA).

It has been informed that the companies will be able to access "clean quality renewable energy sources and cheaper cost of power."

The Pampanga project is part of the Japan International Cooperation Agency's public-private partnership promotion program.

"These Japanese companies introduce unique and advanced technologies and business models that are geared towards sustainable development," Takema Sakamoto, chief representative of JICA's Philippines office, was quoted in a statement.