27 Nov '14, 5am

via @pv_tech SESEA 2014: Opportunities arise in the Philippines as solar undercuts diesel

“Solar today is competitive with diesel” said Deepak Verma, managing director of nv vogt. Image: nv vogt At this year's South East Asia Solar Energy event, held in Bangkok, multiple speakers hailed solar energy as it reaches parity with the current dominant fuel source, diesel. “Solar is at parity” with diesel in the Philippines said Tetchi Capellan, founder of the Philippine Solar Alliance and managing director of local installer, Solarus Partners. The annual net savings from installing solar is above the FiT rate from year one, with US$50,000 net savings annually, which “quadruples” over the 20-year life span of solar power hybrid installations, said Capellan. Solar is “not a fad” with this cash incentive for renewable energy deployment, he added. “Solar today is competitive with diesel,” agreed Deepak Verma, managing director of nv vogt. Verma also told the audience at ...

Full article: http://www.pv-tech.org/news/sesea_2014_opportunities_aris...

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