This year, the Philippines has been ranked at number No. 1 among the developing countries in Asia in terms of the use of solar PV systems for electricity generation, according to a Dutch consultancy firm.
“The Philippines is still relatively young when it comes to solar development, but was able to get seven active projects ranked in the top 50 list,” Solarplaza research analyst Marco Dorothal said in a report.
He also added that the biggest operational project in the Philippines was currently the 132.5-megawatt Cadiz solar power plant developed by Helios Solar Energy Corp., which was a joint venture between the Thailand-based Soleq Solar Co. and Gregorio Araneta Inc.
Solarplaza also noted that last year in March, the local firm Solar Philippines started erecting a 150-MW solar plant in Tarlac, making it the largest solar power project so far for the country.
Solar Philippines has also opened the country’s first PV module factory!
As of June last year, Solarplaza announced that the Philippines’ solar power installed capacity had reached 900 MW.
Even though the Philippines is going through some policy changes, the government is still supporting solar and the renewable energy sector.
“According to the International Energy Agency, solar power is turning into the cheapest source of new electricity generation capacity in many countries, especially in Asia,” the article provided.
“Solar is forging ahead in global power markets as it becomes the cheapest source of electricity generation in many places, including China and India,” IEA executive director Fatih Birol stated.
The IEA expects that over the next 25 years, the world’s growing energy needs are met first by renewables and natural gas as fast-declining costs turn solar power into the cheapest source of new electricity generation.
Eyekandi-Solar is on the same band-wagon, and assisting Thailand in advancing their solar PV production and renewable energy generation.
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