Japanese trading company Mitsui & Co. has selected the Philippines as the location for the company's first ultra-large-scale Solar Off Grid project in Southeast Asia.
Mitsui & Co. and Philippine utility company Global Business Power established a renewable energy joint venture. This solar project in the northern province of Rizal is expected to cost about 7 billion yen ($64.4 million), and Mitsui & Co. will bear about 40% of the cost.
This ultra-large-scale solar power station will be completed in March 2022, generating 115MW. The project’s power will be sold to the Philippines’ largest power distribution company, Manila Electric Power Company, within 20 years.
Currently, the Global Business Power plant uses heavy oil, coal and other fossil fuels. Mitsui & Co. will use the company's expertise in the field of renewable energy to participate in ultra-large-scale projects in the United States and Mexico.
The Philippines, with a population of more than 100 million, is expected to experience the most significant increase in electricity demand among Southeast Asian countries.
However, coal-fired power stations still dominate the power structure of the Philippines, while renewable energy accounts for just over 20%. According to the plan, the proportion of renewable energy in 2030 will be expanded to 35%. Global Business Power and Mitsui & Co. expect demand for solar power in the Philippines.
In response to the global transition to low carbon, Mitsui & Co. has participated in solar and offshore wind power projects in the United States and Taiwan.
The Japanese company has also participated in coal power plant projects in Indonesia, Malaysia and other parts of Southeast Asia. However, the company said in November that it plans to sell equity in these projects.
In terms of its overall power generation situation, Mitsui & Co. plans to increase the proportion of renewable energy from 15% in 2019 to 30% by the end of this decade.
-
10kw Home Solar System-Trinidad and TobagoAre you tired of constantly worrying about rising electricity bills ? Look no further! Our solar power systems are the perfect solution for you. Just ask our satisfied customer from Trinidad and Tobago, who recently purcDo you like ?0
Read more -
Village in the mountains with solar system“We have to go back and forth several hundred meters to fetch water from the mountain every day,” a villager told us. "Our village has been living in the mountains for generations. Travel is not that convenient, and water and electricityDo you like ?0
Read more -
100KW Commercial Solar Power Will Be Soon In Nigeria HotelDavid, a Nigerian resident living in Guangzhou, China, has become a true "China expert" after spending 20 years in the country. His family in Nigeria operates 15 hotels, and David is responsible for procuDo you like ?0
Read more -
Let factories use electricity for freeThe Philippines has abundant sunshine, and the solar system can start generating electricity at 6.30 in the morning and stop generating electricity at around 17.30 in the afternoon. The peak power generation is between 10.00 and 15.00. A cusDo you like ?0
Read more -
5KW Off-grid Solar Setup In Congo HospitalWith Mars solar off-grid solar setup, a hospital from democratic republic of the Congo now harnessing the power of the sun to run medical appliances. Here are some highlights of Mars off-grid solar system's funDo you like ?0
Read more -
Mars Half-Cell Solar Panel Vs Another Half-Cell Solar PanelTOPCon half-cell solar panels have the following features: 1. High efficiency: TOPCon’s silicon wafer efficiency can reach up to 25.2%, which is 2% higher than other solar panels. It is expected that by the second half of 2023, TOPCon can reach 26Do you like ?0
Read more
