At its initial rollout this coming 2019, Singapore-based Trina Solar is targeting to chalk up 10-percent or a range of 5.0 to 6.0 megawatts of the emerging market of solar installations for residential end-users in the Philippines.
Trina Solar Philippines country manager Junrhey Castro indicated that the Philippines has a huge potential for solar homes on small-scale – given that many banks are also willing to lend to homeowners intending to shift to clean energy sources.
Upfront costs for homeowners intending to go solar could range from R100,000 to R200,000, he said, noting that cost viability had gone more affordable compared to the exorbitant R1.0 million or higher investment that only the more affluent residential market could afford in recent years.
Castro said they generally partner with distributors on the targeted rollout of solar solutions to Filipino homes – coupling that with enhancing the technical capacity of installers, including among Filipino talents.
He emphasized that the market introduction of solar among residential end-users in the Philippine market “is in line with the nation’s target of becoming energy self-sufficient and having a cheaper and more reliable source of energy.”
Castro noted their “Trinahome” solar solution brand will be “the first plug-and-play residential and commercial solution in the Philippines,” coming with a 25-year warranty and underpinned by the technology of a globally acclaimed supplier.
He added “this solution is targeted towards residential and small-to-medium-sized commercial applications for distributed power generation.”
With this technology choice for green-leaning Filipino homes, Castro emphasized that this will be a game-change not just for the energy sector but even individuals wanting to make a difference in their preferences on electricity usage.