Solaren: Foreign Investors Are Missing the Big Picture on Philippines Solar Power
Commercial solar installations in Metro Manila are capitalizing on the region's high grid rates to deliver rapid returns. Projects like this, engineered by Solaren, maximize the arbitrage between solar costs and utility prices.
Electricity prices in the Philippines are the second highest in Asia. Solaren explains why this makes solar a goldmine, despite the paperwork.
The company believes the numbers tell a different story. Their data highlights that the Philippines has the second-highest electricity rates in Asia. Only Japan is more expensive.
High Rates Mean Fast Returns
The report argues that the math is actually very simple. Investors often look at the Philippines and see red tape, so they get scared. But they forget to look at the price of electricity. Because local rates are so high, usually over 10 pesos per kilowatt-hour, solar panels pay for themselves very quickly.
According to the analysis, a standard solar project in the Philippines can pay for itself in just 3 to 4 years. In other countries with cheaper electricity, that same project might take 8 or 10 years to break even.
The Real Incentive
In many parts of the world, solar power only makes money if the government gives tax breaks or subsidies. Solaren points out that the Philippines is different.
The company notes that you do not need a subsidy here. The high price of power is the only incentive investors need. When a business stops paying the electric company, the savings are massive. The risk isn't the government or the paperwork. The risk is simply waiting too long to invest.
Weather is the Real Challenge
While the report downplays the paperwork, it does warn investors about one thing: the weather. Solaren notes that equipment built for mild climates often fails in the Philippines.
The real challenge isn't the permit process; it is the heat and the humidity. The company experiences frequent failures of standard equipment. To get those high returns, projects must be built for the tropical climate. If that is done correctly, the Philippine market is hard to beat.
About Solaren Renewable Energy Solutions Corporation: Solaren is a renewable energy company based in Tarlac, Philippines. Since 2014, they have focused on premium commercial and residential solar installations that are built to last in the tropical Philippine climate.
Media Relations
Solaren Renewable Energy Solutions Corp.
917 879 6037
sales@solaren-power.com
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
