Greenpeace defines plan to fund solar energy use


Filipinos can easily gain access to solar energy through financing package which spreads the initial cost over the long-term while generating savings on electricity bills, Greenpeace Philippines said.

The group gathered financing companies and solar providers on Wednesday to connect consumers to financing options and help increase the use of solar energy in homes and businesses.

“Now is the best time to switch on the power of renewables for each home and business to be at the forefront of our fight against catastrophic climate change.

“The call for the uptake of solar energy is not an empty appeal to each individual’s altruism but, as we are attesting today, incentives await in the form of cheap and reliable energy,” Greenpeace Southeast Asia Executive Director Yeb Saño said during the forum.

The Philippines produces 29 percent of its electricity through renewable sources. The Department of Energy (DOE) intends to raise this to 40 percent by 2020.

“It is important to note that while large-scale solar power plants are being constructed and going online in the Philippines, there is still a huge amount of solar energy potential that remains untapped.

“This is where solar rooftop installations on homes, schools, hospitals, and businesses can complete the picture of a country like the Philippines moving towards a higher share of renewable energy in its power generation mix,” Greenpeace Philippines Climate and Energy Campaigner Reuben Muni said.

Muni also called for a more robust participation of both the government and business sector to push the growth and development of renewable energy in the country.

“A strong relationship between the public and private institutions, as well as progressive legislations, should boost our transition to renewable energy. It encourages and provides incentives to more people and businesses that opt to use the technology,” Muni added.

Greenpeace Philippines was joined by speakers from Home Development Mutual Fund (PAG IBIG Fund), who discussed how members go for Home Improvement Loan, which can cover the cost of purchase and installation of solar panels. Also in the forum were Solaric Philippines, Solar Philippines, and Bank of the Philippine Islands.

The media forum is part of the Solar Rooftop Challenge, which highlights the benefits of using solar energy while busting misconceptions that hinder individuals and companies from using it.


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