September 17, 2021

Renewed Interest in renewables after meeting chairman of WEGEN

Savings from oil and coal importation

This post interest on renewable energy was renewed after meeting Mr. Michael Schefeld, the chair of WeGen.   For more than an hour he talked effusively about Renewables in Germany where he comes from, Net Metering (a challenge)   In Germany he  claims a 60%   Renewable acceptance (with solar and wind leading the charge)  He showed me the real time increse in renewable usage.

He described the operations of WeGen (engaged in the  importation of solar panels, controllers and inverters)  I told him about our brief foray into PV and its financing.     I broached the feasibility of working together in this promising field. It has been an interest for the last 20 years.   

We Gen of which he is the chairman, has partnered with the bishops in promoting renewables (PV)  This post observed this to be a unique business model but ultimately financing will be a key component in winning the renewable war.

\He discussed the logic behind the  PV ie of that being close to the user, no infrastructure needed like the grid  (However it occured to this post that batching may be cheaper in communities to have a farm rather than rooftop installation.  

He said that cost of the Solar panels have gone down from $0.40 to only $0.20 (still at P100,,000 per kw)

We planned to meet after the ECQ or MECQ but he  died last week.   He  left a widow whom he endowned with a Filipino Chinese restaurant facing a river connecting Laguna Lake and Pasig River.     

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