Manila, Philippines – SMA held its Energy Leaders Seminar on March 31, 2023, at the Ascott Hotel, Makati. The event brought together industry leaders, policymakers, experts, and stakeholders to discuss the Philippines RE goals, the latest innovations, and trends in renewable energy
The Seminar was opened by DOE Renewable Energy Management Bureau chair Ferdinand Binondo who highlighted the importance of the required RE capacity being six times the current share of RE at 8,255 MW in the mix. The country would need 52,826 megawatts (MW) of additional renewable energy capacity by 2040 to reach its goal of a 50% RE share in the power generation mix
“We need to pursue more RE requirements to meet our objective,” Binondo said.
The policy of Energy Storage System policy was taken up where ESS refers to a facility absorbing the energy generated from an RE plant or from a generation facility connected to the Grid or Distribution System, and stored energy when prompted, needed to ensure reliability and a balanced power system.
The objective is the enhancement of the existing ESS policy and regulation to accommodate the development of the storage system in support of RE integration and grid stability. And the RE developer may avail of the incentives under the RE Act for its Integrated RE Plant + ESS such as income tax holiday, duty-free importation, zero-rated VAT, and other applicable incentives.
The seminar featured a panel discussion on “For Future Energy Demands and Stable Grids in the Philippines,” moderated by Ms. Myrna Velasco, a renowned energy journalist. The panelists included Mr. Ferdinand Binondo Chief of Solar and Wind Management Division Department of Energy – Renewable Energy Management Division, Mr. Hanzel Cubangbang, Citicore Renewable Energy Corporation, Mr. Yogesh Sharma Head of Sales -Southeast Asia and South Asia SMA and Mr. Cyriac Loyola Customer Project Manager SMA.
The panelists shared their insights on the challenges and opportunities in the Philippine renewable energy market, including policy and regulatory issues, financing and investment trends, and technology developments. They also discussed the potential for collaboration among different stakeholders, such as government agencies, and private sector companies, to promote the sustainable and inclusive growth of the renewable energy sector.
The seminar also showcased the latest innovations in SMA’s energy storage solutions, including advanced inverters and monitoring systems for RE power plants and Safe Stable Grids expertise. Participants had the opportunity to learn more about the features and benefits of SMA’s products and services and to interact with the company’s technical expertise and sales representative.
The event demonstrated SMA’s commitment to promoting the sustainable and efficient use of renewable energy in the Philippines and beyond.
“Embracing the energy transition towards renewables through storage in the Philippines is not only a necessity but also a significant opportunity to secure a sustainable future, and SMA with its proven technology can support the complex grid modeling requirements through its grid integration solution for BESS projects” SMA Director of Sales for India, Southeast Asia, and South Korea, Karan Singh said. For more information about SMA’s Energy System Large Scale, please visit www.sma-seasia.com
Power Philippines is the official media partner of the Philippines Energy Leaders’ Seminar.
About SMA
As a leading global specialist in photovoltaic and storage system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA’s portfolio contains a wide range of efficient PV and battery inverters, holistic system solutions for PV and batterystorage systems of all power classes, intelligent energy management systems, and charging solutions for electric vehicles and power-to-gas applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of more than 120 gigawatts have been installed in more than 190 countries worldwide. SMA’s multi-award-winning technology is protected by more than 1,700 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is listed in the TecDAX index and SDAX index