Solar Digital Squad
January 15, 2019
Tapping the solar potential
The facts remain. The Philippines has one of the highest electricity rates on the planet and the highest in Asia. How can the Philippines lower its cost of power? How can the Philippines improve national energy security? There is only one answer: by tapping the potential of solar rooftop energy. The solution is to drive the potential of solar systems in the Philippines to ensure lower power rates.
What’s in it for the utility?
People are asking a simple question: what exactly is the incentive for the utility? Why should they transition from coal when that has been working for them for decades? The unanswered question drives the Philippines to continue trudging along in the power sector without gaining momentum into what we all know is the renewable energy future. Tomorrow is all about RE. Tomorrow is all about energy efficiency. Tomorrow is all about distributed storage.
What’s going on?
The buzz in the circuit reports that there are eight solar projects in line amounting to over $1 billion. The target is 8 gigawatts of solar installations by the year 2030, with 35% of that energy being generated by rooftop solar. That in itself is an investment value of nearly $3 billion in solar systems in the Philippines.
Solaric Vice President Jade De Guzman said, “There is evidently a tremendous opportunity to shift towards a safer and more renewable Philippines. It’s about time we replace old school energy involving fossil fuel and coal, and anything detrimental to the planet and the human population. There are so many feasible options available to us, wind, hydro, geothermal, and of course solar – which remains top of the list in terms of being affordable and diverse. It’s a no-brainer.”
Breaking it down
“Each kilowatt of rooftop solar we install is equivalent to a decrease in the import of coal and diesel power. That simple fact alone saves our nation billions of dollars each year,” said Mike De Guzman, President of Solaric Corp. “Our only roadblocks now are regulatory — let’s look forward to regulations being passed that makes sense and leads us towards a renewable nation.”
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Solaric is the leader in rooftop solar
Solaric has established its name across the renewable industry as a proven and reputable rooftop solar leader. Solaric has installed more than 50% of residential rooftop solar in the Philippines and has delivered significant cost reductions in electricity expenses, as well as milestone contributions to a cleaner, greener, and renewable future. Solaric is now zoning in on corporate and industrial projects to offer them the same cost reductions. Welcome to the new generation of solar and turning on the sun.
Regina Rome is a solar analyst with the Solar Digital Squad Research.