Solar Philippines has submitted a 5,000MW solar plan to replace all planned coal plants with solar-battery farms to reduce consumer rates by up to 30 percent.
The company said it has submitted to the country’s electric utility players the plan which includes details on the locations of the solar farms, integration of batteries for grid reliability, and the cost of batteries and panels from the now operational Solar Philippines factory in Batangas.
"With our 5,000MW solar plan, and our first 24/7 solar-battery projects to be completed this year, we see no scenario where most planned coal projects will push through," Solar Philippines president Leandro Leviste said.
"Solar with batteries is now the least cost power in the Philippines, and anything else will result in higher rates to consumers. We encourage the local power industry to consider this before investing billions into new coal, and hopefully they will see that the future is already here," he said.
"We can't fault coal companies or policymakers for not believing in solar. It's the solar industry's fault for not having shown that it can be cheaper and more reliable than coal," he said.
"It's not easy changing the way we've generated power for the last 100 years. But, I'm optimistic that our country's electric utilities and the public have seen enough of what's happening globally to conclude that the time of low-cost solar has arrived, and the era of fossil fuel is near its end," Leviste said.