By Lenie Lectura - February 12, 2017
SOLAR Philippines will commence exporting solar panels within the year, as it announced over the weekend it is preparing to start the operations of the first phase of its 600- megawatt (MW) solar-panel factory in Batangas.
Solar Philippines President Leandro Leviste said the solar factory, which will be put up at First Philippine Industrial Park in Santo Tomas, Batangas, would create 1,000 jobs, and use state-of-the-art German equipment and high-efficiency Taiwanese cells.
Also, 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 cost.
“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 power 24/7, we estimate the Philippines will be able to save P50 billion to P100 billion per year,” Leviste said. Within the year, Solar Philippines plans to start exporting solar panels and developing projects internationally, and begin an expansion to 2 gigawatt hours of manufacturing capacity.