MANILA, Philippines — DoubleDragon Properties Corp. has partnered with the Lopez Group’s First Philippine Holdings for a solar project.
The listed property developer installed a solar rooftop at its DoubleDragon Plaza in DD Meridian Park in Pasay.
DoubleDragon expects to host 100 megawatts of solar power on its various properties across the country which will add considerable additional revenue to the company.
The solar installation panel was designed and installed by FP Island Energy Corp. a wholly owned subsidiary of Lopez-led First Philippine Holdings.
On an annual basis, the solar installation is expected to displace 418 tons of carbon dioxide, equaling to over 13,565 trees planted, said DoubleDragon chairman Edgar “Injap” Sia II. “
“We endeavor to build sustainable and eco-friendly structures that will blend well with the community and should remain productive and relevant in the next 100 years,” Sia said.
DoubleDragon chief investment officer Hannah Yulo said the company has been focused on both the execution of its real estate projects as well as enhancing operational efficiencies and optimization of its investment yields.
The first five office towers in DD Meridian Park are now 100 percent leased out and currently host over 20,000 employees.
The tenant employee population is expected to grow to over 50,000 by the end of next year which will further boost the customer base of its retail tenants.