Ayala, Mitsubishi to Build Solar Plant in Davao del Sur

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Category: Davao News Posted: Monday, April 15th, 2013

Solar plant

Solar panel

The Board of Investments (BOI) has recently approved the solar energy project of Philnewenergy, a joint venture between Ayala and Mitsubishi Corp.

The said plant will rise in Sta. Cruz, Davao del Sur and will produce 35 megawatts (MW) of electricity yearly.

The project will involve the installation of a solar photovoltaic power plant which will cost P3.33-billion.

A solar power plant is made up of arrays of photovoltaic (PV) modules that utilize the “photoelectric effect” to produce electricity when exposed to sunlight.

The solar power plant would start commercial operations by 2015 and is expected to generate 93 jobs.

Once completed, the solar energy project is expected to lessen the pressing power needs of Mindanao.

3 Responses to “Ayala, Mitsubishi to Build Solar Plant in Davao del Sur”

  1. Jan Karl Says:

    This investment is really huge and would be helpful especially right now we are experience power problem in Mindanao.

    Power is very critical to especially to industries. So, this is really a welcome development.

    Aside from Aboitiz which is putting up a coal power plant, I also heard San Miguel is also planning to put up the same plant in Davao del Sur.

    We need more power plants as a long term solution.

  2. miguelito Says:

    Although solar is still expensive but I believe the benefits of utilizing solar technology will be much more advantage in the long run.

    By the way, I heard there is an upcoming solar conference this August but this will held in Manila.

    The investment in the renewal energy is a big push for an environment-friendly initiative.

    Hope this is going to be good start.

  3. Jimich Says:

    Most of the firms who are planning to build plants in Mindanao will be using coal? Is there such thing as clean coal?

    Although coal is cheaper compared to solar, we should still go for renewable energy sources. Aside from solar, we can also make use more of hydro, wind and geothermal as our power source.

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