Solar energy is expected to be an immediate solution to Philippines growing energy needs. As the country is trying to reduce coal and fuel dependency. Country’s biggest companies are investing massively in the solar energy and other renewable energy projects. With announcements of big Solar projects, Country’s dream for high Renewable energy mix seems attainable in their target date including a 10GW solar projects, Solar installations and projects forecasted to produce a big chunk on forecasted additional 15 GW from renewable energy by 2030
Local and International Solar solution companies are attracted with Philippines steady energy demand growth and are ready to invest to enter the Philippine Solar Projects, both for Utility and Commercial scale solar farm especially for country’s qualified contestable consumer . More and more companies are slowly exploring solar power pushed by increasing electricity prices and shortage in power supply. Country’s improve financing program and easing of restriction is seen as a big advantage by power producers and investors compared to the rest of its neighboring country.
Mykar’s Philippine Solar PV Virtual Summit aims to bring government authorities, End Consumers ,renewable energy stakeholders, experts, investment companies, contractors and selected solution provider to discuss policy , incentives ,opportunities, challenges and issues regarding the Philippine solar energy most importantly to promote latest solution and practices to further improve country’s solar energy farms and operations.