Solar Philippines Power Project Holdings said it would pair its solar panels with an unspecified battery storage solution to provide PV-generated electricity 24 hours a day, seven days a week, at a lower cost than gas. Manila-based solar panel manufacturer Solar Philippines could slash electricity rates in the region by up to 30%, after offering to supply power to Manila Electric Co. (Meralco) for PHP2.99 ($0.058)/kWh, compared to an average price of PHP5.44/kWh. The offer was made at a press conference on Wednesday, September 19, where President Rodrigo Duterte announced that he would be visiting Meralco and other companies involved with the project. Solar Philippines said it would combine its photovoltaic technology with battery storage to provide continuous electricity.
Manila-based solar panel manufacturer Solar Philippines could slash electricity rates in the region by up to 30%, after offering to supply power to Manila Electric Co. (Meralco) for PHP2.99 ($0.058)/kWh, compared to an average price of PHP5.44/kWh. The offer was made at a press conference on Wednesday, September 19, where President Rodrigo Duterte announced that he would be visiting Meralco and other companies involved with the project. Solar Philippines said it would combine its photovoltaic technology with battery storage to provide continuous electricity.