Solar rooftops: An investment ripe for the taking poses risks and challenges, but also opportunities for business

Quick Summary:

THE solar rooftop market in the Philippines is ripe for the taking.

With the cost of solar panels and installations going down with supply outgrowing the demand, the country may be looking at possibly a sustainable solution to our perennial energy problem while meeting ambitious growth targets and making good our Nationally Determined Contribution (NDC), a commitment under the Paris Agreement signed in 2010.

Candy Mercado, of the UP Department of Mining, Metallurgical and Materials Engineering, said it will not become a problem like e-waste—or not yet at least.“The current silicon-based solar panels are guaranteed for up to 20-25 years of useful life, so it does not require replacing or upgrading now and then.

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Article Details

Author / Journalist: Jonathan L. Mayuga

Category: BusinessStartups

Markets: PhilippinesChina

Topics: Climate Waste Philippines Panels Rooftop Solar Energy Renewable Problem

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 16:03:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 2500 words

Reading Time: 14 minutes read

Sentences: 68 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23340490

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 49 posts per day

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News Last Updated: 9 hours ago

Coverage Areas: Philippines

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