Top Ventures on Solar Systems in the Philippines

Top Ventures on Solar Systems in the Philippines

What are the top ventures on solar systems in the Philippines in 2017?

  1. PetroGreen Energy Corporation’s 10 MW solar park in Puerto Princesa, Palawan.
  2. First Toledo Solar Energy Corporation’s 60 MW solar farm in Tuledo, Southwestern Cebu.

 

As residential and commercial establishment owners continue to venture onto solar systems in the Philippines, so as the progress of the solar power projects in the country. Various business owners have tried and succeeded their ventures on said renewable energy source, hence, the continuous efforts on making the turnover of utility grid usage to solar systems.

In this article, we’ll discuss about the 2017 ventures on solar systems in the Philippines.

 

PETROGREEN ENERGY CORPORATION (PGEC)

PetroGreen Energy Corporation (PGEC) is a subunit of the Philippine oil company, PetroEnergy. Earlier this year, it was reported that the said subunit was granted with an environmental clearance for its solar system project located in Puerto Princesa City, Palawan.

What is the project about?

PGEC is to build a photovoltaic/solar power station also referred to as solar farm or solar park. It is a large-scale solar system designed for augmenting merchant power into the utility grid, and of which, are often scaled in megawatts (MW).

What is the aim?

According to a company statement, PGEC envisions the planned 10 MW solar park to be the first green and renewable source of energy in the city of Puerto Princesa and the entirety of Palawan.

Is it feasible?

Amongst others, Palawan remains to be a locality where energy source is limited hence supported by diesel energy source. This very reason could hinder Palawan from its potentials of growing into an urban city. With its reputation over the world due to its widely known tourist spots and natural attractions, the project being prepared by PGEC is a feasible and long-term solution for its energy source problem.

Not only will Palawan get the support that its community needs, but also an environment-friendly source of energy that will not put nature in danger.

FIRST TOLEDO SOLAR ENERGY CORPORATION (FTSEC)

First Toledo Solar Energy Corporation (FTSEC), sister company of Citicore Power, has been granted support loan by Development Bank of the Philippines (DBP) for its 60 MW solar farm project in Toledo City, Southwestern Cebu and is now distributing green energy source to the utility grid.

What is the project about?

Similar to PGEC, FTSEC has proposed a solar farm project to support the energy source of the locality and meet the needs of the people. Also, it aims to contribute energy supply to the grid, and promote green energy source in the industry.

What is the aim?

The company aims to support a green environment by installing renewable energy-sourced facilities such as solar, biomass, wind, and hydro power. Alongside its powerful aim of promoting green energy sources, is to give opportunities to the community wherever they install and operate solar farms.

Is it feasible?

The solar farm project is feasible for both sides: the owner and consumer. Aside from being able to augment the energy supply in Visayas region where common outages occur, the project also helps promote the use of green energy for electricity supply. In fact, according to reports from Cebu Daily News, the project will most likely replace around 157,000 barrels of crude oil that causes air pollution in the area. Hence, it can also be expected that the same project will help reduce carbon dioxide emissions by around 38,000 tons. Today, the Toledo solar farm is the largest solar plant station in the country.

 

Key Takeaway

Brisk implementation of solar energy source has become prevalent in the Philippines, and we’re in favor of these companies’ aim. Solar energy is the wisest way to augment power supply around the country as it is not only renewable, but also promotes a clean and green environment for people to live in. Plus, it opens more employment opportunities within communities!