PSSEA projects solar energy expansion amid decarbonization push

Power PH – Featured Image

The Philippine Solar and Storage Energy Alliance (PSSEA) expects the solar energy industry to develop in 2025 further driven by rapid installations that support the country’s decarbonization goals.

In a report by Manila Bulletin, PSSEA highlighted a global 20% increase in solar installations, making solar the world’s largest clean power generation capacity.

According to PSSEA, solar energy milestones include surpassing nuclear power in 2017, overtaking wind energy in 2022, and outpacing hydropower in 2023.

The PSSEA emphasized solar energy’s role in helping the Philippines achieve its goal of decarbonizing the grid by 2030, citing its affordability and rapid deployment.

Additionally, the organization said that with consistent progress, solar PV capacity will surpass all other electricity generation technologies globally, pointing to floating, rooftop, and land-based solar as appealing investment opportunities in the Philippines.

The alliance also praised the government’s Green Energy Auction 4 (GEA-4) for driving additional solar installations and strengthening investor confidence in the Philippines’ energy transition goals.

However, it warned that delays in GEA-4 could discourage potential funders and partners. The auction, which includes renewable energy with energy storage systems (ESS), is crucial to achieving net-zero emission goals, PSSEA said.

The PSSEA urged the Department of Energy (DOE) to address curtailment, the practice of reducing renewable energy output to stabilize the grid. Curtailment often affects large-scale solar plants and residential rooftop systems, which grid operators may shut down to manage overload risks.

The group also commended the DOE for integrating renewable energy with storage (IREs) into this year’s auction.



There are no comments

Add yours