Solar Philippines is the leading solar energy provider in the country is gearing up towards starting operations of the first phase of its 600-megawatt (MW) factory located in the First Philippine Industrial Park in Sto. Tomas, Batangas.
It will create 1,000+ jobs, the factory will incorporate state-of-the-art German equipment and high-efficiency Taiwanese cells. The company will soon announce a partnership with one of the world’s leading solar manufacturers to produce panels using proprietary technology at the lowest costs.
This comes at an opportune in time to support the company’s 2017 projects, including 50 MW plants in Batangas and Cavite, which will supply Meralco under a recently signed agreement, and 150 MW in Tarlac, the country’s first battery-equipped solar farm to supply power at rates lower than fossil fuel.
“Vertical integration is the key to making solar cost-competitive, as in other countries, where solar is already cheaper than coal and especially natural gas. Once we establish this, and demonstrate that solar with batteries can provide reliable 24/7 power, we estimate that the Philippines will be able to save 50 to 100 billion pesos per year,” according to Solar Philippines President Leandro Leviste.
Leviste added, “We encourage other power companies to join this transition into a solar-powered future, which represents a historic opportunity for the Philippine power industry to remake our generation infrastructure and accelerate the advent of sustainable energy worldwide.”