July 31, 2016

First Local Solar Manufacturer in the Philippines

Savings from oil and coal importation

In a recent meeting last week, I met the President of a newly acquired Rural Bank and I found out that they are about to start operations of a local PV manufacturing plant, the first of its kind in the country soon.  The plant is capable of producing 200,000 panels a month (that is about  1000 kW worth of panels every month. And half of that would be for export.

The man used to to head a major chemical firm in the country, put up a petrochem plant

He expects mega sales from that.  He said that they eliminated the use of silver as a conductor and this means lower lower price.

He promised to email me the prices which he said are way way way low vs imported and China products

I said that with the rural bank, we can provide solar financing that is affordable

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