Friday 22 June
Powered by Ajaxy
Jun 2, 2016 @ 9:23

Leviste to build biggest solar panel factory in the PH

 

Local solar energy developer Solar Philippines, founded and owned by young Bilyonaryo Leandro Leviste has unveiled plans to build one of the world’s largest solar panel factories in Tanauan, Batangas, an initiative seen in line with a vision to save the country into becoming a global solar powerhouse.

The facility—which will be completed in three years—will be designed for an eventual capacity of 2 gigawatts, with the first section scheduled to start operations by the end of 2016, the company said Wednesday.

State-of-the-art German technology will be used as a model to produce high-efficiency solar panels at the lowest possible costs, The Inquirer reports.

The new project is seen to create more than 6,000 direct and 20,000 indirect jobs for locals of Batangas and all Filipinos, and operate on 100-percent solar power.

“Solar manufacturing is moving from China to Southeast Asia, and we believe the Philippines can lead that trend.

Filipinos are among the best workers in the world, and the large local solar market can add to the demand for otherwise export-only factories,” Solar Philippines president Leandro Leviste said in a statement.

Leviste said among the objectives of the facility were to lower panel costs, take control of the supply chain so that solar power can be more available to all Filipinos, regardless of socioeconomic profiles.

The corporation also aims to help and support the new administration’s agenda to bring manufacturing to the Philippines.

“This is a key step toward lowering solar costs, enabling us to produce electricity cheaper than coal. Instead of importing expensive fuel from other countries, we will manufacture here in the Philippines.

Soon enough, our country can become the Saudi Arabia of solar, a leading energy exporter, and ‘made in the Philippines’ panels will be used around the world,” he said.

Tags: , , , , ,

Related Stories
Manila Water Co. Inc. has been awarded the contract to develop, operate and expand the
D&L Group, listed manufacturer of specialty food ingredients, plans to build manufacturing facilities in Tanauan,
STI Education Services Group and Jollibee Foods Corp. founder and chairman Tony Tan Caktiong have
Indonesian ride-hailing app Go-Jek said Thursday it would expand into Vietnam, Thailand, Singapore and the


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.