Invite you to a
Forum on Renewable Energy Investing in Solar Rooftop Power Generation Now A Viable Option for Residential, Commercial and Industrial Applications 11 September 2013, Wednesday, 1:30-5:00pm Manila A Function Room, Makati Shangri-La Php 1,500 - ECCP Members | Php 1,800 - Non Members Background Solar rooftop systems are presenting themselves as viable solutions to the rising cost of electricity. As much as 25-percent savings on electricity bills were reported by homes and enterprises that have installed solar panels in their rooftops. The Net-metering and Retail Competition & Open Access (RCOA) rules are seen as vital to the acceleration of solar rooftop installations in the country. The rules will benefit the consumers as they offer immediate economic relief from the rising cost of electricity. The potential market for solar rooftop is estimated at ca. $450 million yearly, based on the 50,000 households (representing 10 percent of the half a million constructions yearly) that can install solar panels with a capacity of 2 kilowatts. Investments in solar rooftop installations are expected to double this year possibly reaching 2.5 MW, as more homeowners and enterprises realize the opportunities to save money and mitigate climate change. With the continued drop in system prices, solar energy is approaching grid parity, opening the way for more solar rooftop installations. Vast installation of solar panels on rooftops of households, commercial buildings and industrial facilities could help safeguard the country's energy security over the long term. Rooftop solar panels could be a viable solution for the Philippines given its high solar irradiation level. Objectives Through this forum, ECCP intends to promote investments in solar rooftop power generation as a viable option to electricity consumers in reducing their power costs. This is part of ECCP's goal to establish a regular platform for discussing opportunities and challenges in the Philippine Renewable Energy Sector and for sharing best practices as well as experiences among stakeholders. Format