Company News
The Truth About Solar: Now Cheaper Than Coal
The conventional wisdom is that solar is expensive and will take decades more to be competitive. Yet last month, the world’s lowest priced solar was bid in Dubai at P1.345 per kilowatt hour. Other bids have resulted in P1.575 in Mexico, and P1.741 in the United States by Warren Buffett’s Berkshire Hathaway. These are the result of a 90-percent decrease in panel costs over the past decade, low interest rates, and high levels of sunlight—making solar in those places significantly cheaper than fossil fuel in the Philippines, where coal averages at P4, gas at P6, and diesel at P8.
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Solar Philippines completes Calatagan Solar Farm
Solar Philippines, one of the largest developers of rooftop solar power plants in Southeast Asia, has completed its 63.3-megawatt (MW) solar farm in Batangas, providing additional power supply in the western part of the province. The Calatagan solar project is expected to offset over 1 million tons of carbon dioxide, equivalent to planting over five million trees in the next three decades of its operation. During construction, the project employed 2,500 people and is expected to continue to employ at least 100 people, boosting the local economy of Batangas.
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Solar panel manufacturing facility to be built in Batangas
SOLAR PHILIPPINES Power Project Holdings, Inc. will build a factory in Tanauan, Batangas that will produce solar panels for a target capacity of 2 gigawatts (GW), which it claims will be the largest outside of China.
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