Executives from MECO and Excell Energy share optimism on rooftop solar developments in PH

Mabuhay Energy Corporation (MECO) Chief Operating Officer (COO) Jacqueline Castillo and Excell Energy and PowerGen Corp. Chief Operating Officer (COO) Carlo Morales served as distinguished speakers, demonstrating keen support towards the future of rooftop solar technology in the Philippine Market held last October 16, 2024, at the Marquis Events Place, Metro Manila.

This groundbreaking panel discussion brought together business executives, industry experts, and thought leaders to discuss advancements in rooftop solar technology in the Philippines. The speakers underscored significant breakthroughs, emphasizing the role of rooftop solar in enhancing energy efficiency and promoting energy independence.

With a theme focusing on the growing role of solar energy and storage technologies, including recent developments and investments, Jacqueline Castillo, noted that retail electricity suppliers (RES) can utilize blended financing options that combine Power Purchase Agreements (PPAs) with green financing. This approach benefits Commercial and Industrial (C&I) customers by minimizing upfront costs and allowing payments for solar rooftop installations to be integrated into the retail supply contract. This win-win solution not only secures long-term contracts but also delivers savings for customers.

Carlo Morales passionately discussed the transformative potential of battery storage technology. He addressed key challenges such as procurement issues, power quality concerns like voltage fluctuations, and peak demand management. Carlo emphasized that battery storage can be a game-changer for customers facing these challenges. By integrating energy storage systems, the flexibility of solar energy can be significantly enhanced. While solar generates power during the day, stored energy can be utilized at night, improving overall effectiveness and adoption.