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30 January 2013

Subic solar energy firm gets DOE accreditation

A company based in this free port is gearing up to become a leading player in the country’s renewable energy program after receiving accreditation from the Department of Energy (DOE).

Bandacorp Solar, Inc., a registered locator here in the Subic Bay Freeport, was granted a DOE accreditation that entitles it to avail of incentives such as zero-percent value added tax rate, tax- and duty-free importation of components and parts and materials, and income tax holidays.

The accreditation was granted after a stringent evaluation and site validation by the DOE. It is valid for three years.

Bob Silvers, president of Banda Solar, said the company is the first small-business enterprise dealing on alternative energy projects in the Philippines that was granted such an accreditation.

This would help the firm promote its products better and in the process make alternative energy systems more accessible and affordable to the public, he added.

Silvers also said that the DOE certification will allow affordable products to be manufactured in the country, since the bulk of these products used in the Philippines are being imported from China, Germany and the United States.

“These incentives will be passed on to our customers to encourage them to use solar-powered products, thus helping in the improvement of renewable energy industry as well as achieving additional advantageous effects to the environment,” he added.

Banda Solar is also look at promoting the use of renewable energy in the Subic Freeport by working with Subic Enerzone, the local power distributor, and the Subic Bay Metropolitan Authority (SBMA) in the Tipo Expressway lighting project.

The company is also promoting alternative energy awareness among residents of local communities by installing a one-kilowatt power station in Iram, an upland village populated mostly by Ayta tribesmen.

Established here in 2010, Banda Solar focuses on the development of solar energy and has supplied renewable energy products across the country. (FMD/MPD-SBMA)

PHOTO: 

Bob Silvers, president of the Banda Solar Corp., proudly shows his company’s accreditation certificate from the Department of Energy.

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