President Rodrigo Duterte inaugurated the first Filipino owned solar panel factory which will enable Filipino electricity consumers to cut their bills by up to 30 percent.
Solar Philippines president Leandro Leviste said the solar factory based in Santo Tomas, Batangas would begin producing 2.5 million panels a year, ensuring the Philippines as a major player in the global renewable energy sector. The solar panels will also be exported to the United States and the European Union.
“We have an agreement with Chinese manufacturers that, instead of making the panels in China, they will be made here in the Philippines for export to the US and Europe,” Leviste told reporters
In his speech, President Duterte noted, “The establishment of this state of the art facility in Sto. Tomas, Batangas, is timely and relevant as we address increasing demand for renewable energy. It is high time we begin to establish local solar power.”