Solar power lowers power cost by 30%

Renewable energy company Solar Philippines said that power rates in the country can be reduced by 30 percent if electric companies tapped solar farms instead of coal plants.

Solar has submitted to power firms its proposal to use 5,000-megawatt (MW) Solar Plan. The proposal includes details on the location of solar farms, integration of batteries for grid reliability, and the cost of batteries and panels from the company’s factory in Batangas.