Philippines will manufacture solar panels for the first time in Santo Tomas, Batangas. Local company Solar Philippines recently announced its plans to start factory operations at the First Philippine Industrial Park by the end of February. The launch will create around 1000 jobs and initially produce 600 megawatts. The company also plans to partner with a leading solar manufacturer to lower production cost of panels.
Solar Philippines President Leandro Leviste said in the statement that the country can save up to ₱100 billion annually once battery-equipped solar energy provide reliable, 24/7 power. Leviste said, “Vertical integration is the key to making solar cost-competitive, as in other countries, where solar is already cheaper than coal and especially natural gas.” The factory will also support Solar Philippines other projects, including a 50-megawatt facility in Batangas and Cavite and a 150-megawatts center in Tarlac.