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Housing developer to build Solar Powered Home in batangas
Real estate developer Imperial Home Corp. (IHC) is launching solar-powered mass housing project consisting of 1,000 units in Sato Tomas, Batangas.
IHC has partnered with Belgium based Enfinity Group to develop Via Verde, the first solar-powered subdivision situated on a 3-hectare property with a combination of row houses and two-bedroom townhouses.
A 500-watt solar panel will be installed on every unit for free to allow buyers to enjoy lower electricity rate through lease-back program of Enfinity, a company that finances, builds, owns, operates and maintains solar power. It has operations in the US, Canada, Europe and Asia Pacific.
“Equipped with 500 watts of solar solutions, these solar-powered homes ill drastically reduce the cost of electricity and provide a greener environment for our low-cost housing projects,” said Emma Imperial, IHC Chairman.
Imperial said the project aims to alleviate the country’s backlog on mass housinf currently pegged at 3 million, as well as help provide a greener solution against the worsening effects od climate change.
“Our share in the joint-venture partnership with Enfinity is the land itself, where the 1,000 homes will be put up. That is valued at P600 million,” she said. Enfinity will install the solar panels, valued at $1 million, on all the 1,000 units.
The Via Verde project will be formally launched on January 14 next year.
-Business Mirror
-Lenie Lectura
