Leading solar panel provider Solar Philippines is set to inaugurate on Monday what it calls the “world’s largest solar-powered mall”, with no less than President Benigno Aquino 3rd invited to grace the event.
For this pioneering project, the parking building of SM North Edsa was outfitted with 5,760 solar panels and 60 inverters covering over 12,000 square meters, the company said.
The energized mall effectively became a 1.5-megawatt (MW) power plant, with enough power to supply the electricity needs of 2,000 homes. The electricity generated by the solar panels will be used to augment the mall’s power requirements, according to the company.
Solar Philippines is set to inaugurate the SM North Edsa solar project barely two months after it launched the country’s largest own-use solar plant at Central Mall Binan in Laguna.
Solar Philippines has partnered with SM Malls to build this first of a series of solar plants as part of the latter’s commitment to use clean and renewable energy for its malls.
The SM North Edsa solar plant is expected to operate for over 25 years and offset an estimated 40,000 tons of carbon dioxide, or the equivalent of planting 200,000 trees.
Solar Philippines is taking the lead in accelerating the adoption of solar energy as a solution to climate change and the looming power crisis.
“The days of having to choose between business and the environment are over,” said Leandro Leviste, president of Solar Philippines.
The company’s mission is to make solar energy affordable and accessible to every home and business in the country.
“Solar power has gained the reputation of being expensive, not because of the technology, but because previous efforts were too small to benefit from economies of scale. By building the country’s largest solar projects, we’ve become the first local company to make solar energy cost-competitive with fossil fuel,” Leviste said.
As it expands into high-profile commercial projects, Solar Philippines is taking advantage of economies of scale to bring solar energy to the residential market at more affordable prices.
Solar Philippines is the country’s top solar provider and Southeast Asia’s largest developer of rooftop power plants. The country’s first all-in-one solar financing, design, and construction company, it installs solar panels for commercial customers at zero cost, supplying electricity at below utility rates.
With a team of 65 veterans from the solar, construction, and power industries, the company is growing fast to meet the need for affordable, clean, distributed generation.