Capitalizing on a sunrise industry - BusinessWorld Online

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LEANDRO LEVISTE was only 20 years old when he said he started investing in Tesla and Solar City, both US companies that specialized in manufacturing solar panels.

Solar Philippines started with rooftop installations, where the company would import solar panels from China. The company completed the first solar panel rooftop installation at the Central Mall in Biñan City, Laguna, followed by the SM City North EDSA project where 5,760 solar panels were installed — the largest solar-powered rooftop installation at a mall in the country.

Solar Philippines claimed it is currently the largest solar energy production company in Southeast Asia with over 400 megawatts of operating or under construction and 10 gigawatts under development. It currently has solar farms in Batangas, Nueva Ecija and Tarlac. Solar Philippines started providing large-scale solar energy rather than going into retail because installing rooftop panels was difficult to do one customer at a time. With its solar farm model, the company can create much more generation to supply the country’s energy needs, helping to reduce overall power costs and ensure energy sufficiency. Mr.

According to Mr. Leviste, Solar Philippines’ biggest CSR contribution is being able to provide the country with low-cost solar energy, setting the benchmark for lowering energy costs.

 

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