World’s leading solar energy producer eyes Subic Bay Freeport
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World’s leading solar energy producer eyes Subic Bay Freeport

Mar 8, 2024, 5:53 AM
Randy V. Datu

Randy V. Datu


SUBIC BAY FREEPORT- Sharp Solar Solution Asia Co. (SSSA), a leading global specialist in solar energy solutions, has expressed keen interest in increasing activities in the country that would develop this premier Freeport into a renewable energy hub in the region.

In his recent visit to Subic, Mr. Hideyuki Inada, CEO of the Sharp Corp., told Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Aliño about Sharp’s keen interest in developing solar energy farm projects, and other possible opportunities in the eco-zone.

Inada was accompanied by Papua New Guinea Consul General JV Magsaysay, former Zambales Congresswoman Mitos Magsaysay, Olongapo City Councilor Vicvic Magsaysay and Mr. Icko Cabasag Tan of Ecoenergy Solar Phils, a local company with global partnership for solar solutions.

Chairman Aliño welcomed the project saying that development of renewable energy farms is in line with the thrust of SBMA to reduce carbon footprint in the country’s premier Freeport by encouraging green sources of energy such as solar energy.

Both parties see positive signs due to trust and confidence of SSSA on the administration of President Ferdinand R. Marcos Jr. who pioneered renewable energy programs in his home province of Ilocos Norte during his governorship; and also Japan’s favorable foreign exchange rates, which makes SSSA competitive with other solar power producers.

SSSA has been successful in the operation of solar power farms in Vietnam generating a total of 750 megawatts; in Thailand with 300 MW, Mongolia with 80 MW, Laos with 11MW.

In the Philippines, Sharp is maintaining an 18 MW solar farm, including the 7.9 MW in Cebu.

Meanwhile, Chairman Aliño has instructed SBMA Business and Investment Group (BIG) Senior Deputy Administrator Renato Lee III, to facilitate the entry of new investments.

He added that the entry of SSSA in the Subic Bay Freeport Zone proves the very aggressive and robust investment climate that SBMA have today, noting that Sharp is one of the leading solar energy solutions company in the world with more than 60 years of experience.

“Currently, we have Jobin SQM Inc. in Subic, one of the first solar farms in the country, built more than 10 years ago. and with a total capacity of 100MW. An additional 72 MW is nearing completion by the second or third quarter of 2024,”

SBMA optimistically underscore the future contributions of SSSA and SBMA to the National Energy Program as enshrined in RA 9513 towards the goal of achieving the country's aspirational target of 1,528 MW in solar power capacities and to increase the RE-based capacity in general to an estimated 15,304 MW by 2030 or almost triple from 2010 levels. (30)

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