The Philippines leads the way in the adoption of solar energy as a solution to climate change and the global power crisis
by Beth Day Romulo, January 4, 2015
from Manila Bulletin
Last Sept. 20th, Solar Philippines launched the 700-KW Central Mall Biñan solar project, the first and largest own-use solar power plant in Southeast Asia. Then on Nov. 20, they announced that they were building the world’s largest solar-powered mall. The SM North Edsa solar plant was formally inaugurated Nov. 24.
The rooftop power plant is outfitted with 5,760 solar panels and 60 inverters, which cover more than 12,000 square meters. The plant’s capacity of 1.5MW could power the basic needs of 2,000 homes.
The new solar system is expected to operate for more than 25 years and it will offset 40,000 tons of carbon dioxide emissions. Solar Philippines executives said it was taking the lead in the adoption of solar energy for the Philippines as a solution to climate change and the global power crisis.
The 2015 World Bank report on global economies cited the Philippines for “improving insolvency, getting electricity, registering property, and paying taxes.” Measured against the world’s global best practices, the Philippines ranks in the same range as Vietnam and Indonesia.
The Philippines is also leading the region in robust economic growth. It is ASEAN’s Number One economic engine of growth. In addition to its production of solar power, the Philippines is developing a new economic zone at Clark air base. And it is readying the country for regional integration by the end of 2015, through its development of natural resources, tourism, retirement facilities (at Subic Bay), and the call center in Manila.
The Asian Development Bank ranks the Philippines highest in all of Asia for quality education and macro performance. Its growth rate is among the highest in the ASEAN countries.
President Aquino attended the Economist Magazine’s World in 2015 Forum in Singapore and on his arrival home, reported that foreign investors were interested in expanding their businesses in the Philippines. “We packed our schedule to ensure that every minute…contributed to promote the interests of the Filipinos,” the President said. The Forum was attended by an estimated 300 business leaders and President Aquino reported that the Keppel Corp. executives told him that they intend to build their first oil rig in this country. A Singapore Airline Engineering Company official also told him that they plan to build two more hangars in the Philippines and Temaset Holdings, the global investment company, reported they planned to increase their investment here.