Solar Power Infrastructure for Underserved Areas

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Solar Power Infrastructure for Underserved Areas
Solar Power Infrastructure for Underserved Areas
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Build and Operate Solar Energy Infrastructure through public-private partnerships with local and national government agencies to provide off-grid and on-grid solutions in remote areas. Examples of companies active in this space are:

The SINOSAUR solar project was organized by the Philippine National Electrification Administration (NEA) this August, which aims to supply sustainable basic electricity to 3,100 far-flung off-grid households. The project facilitated the government's goal to achieve the “Total National Electrification” target by contributing renewable energy for 25,000 off-grid households nationwide in the Philippines. The project extends and consolidates the leading role of SINOSOAR in the off-grid solar market of the Philippines.

The Tumingad Hybrid Solar-Diesel Powerplant is capable of producing 7.5 MWp of electricity. Excess solar power is stored in the plant's battery while diesel generators are used once all electricity is used up. Costing USD 10M the plant constructed by Sunwest Water & Electricity Co. is one among multiple solar-hybrid off-grid power solutions in Romblon.

Expected Impact

Reducing greenhouse gas emissions while improving air quality, energy affordability and creating green jobs through solar power investments.

How is this information gathered?
Updated: 17 Mar, 2024
Philippines
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Climate Action (SDG 13) Sustainable Cities and Communities (SDG 11)

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Sector Sources
  • 1) NEDA. Philippine Development Plan 2023 to 2028 https://pdp.neda.gov.ph/philippine-development-plan-2023-2028/ 2) INFF. Development Finance Assessment 2022 https://medium.com/@jp.inff.ph/2022-development-finance-assessment-shows-ph-financing-landscape-in-the-time-of-covid-19-and-the-68dcc39bcc19 3) Department of Energy. (2020). Philippine Energy Plan 2020-2040. Department of Energy. https://www.doe.gov.ph/sites/default/files/pdf/pep/PEP_2020-2040_signed_01102022.pdf 4) Ocampo, R. (n.d). How Net-Metering Works: Understanding the Basics of Policy, Regulation, and Standards. Department of Energy. https://www.doe.gov.ph/1-how-net-metering-works-understanding-basics-policy-regulation-and-standards
IOA Sources
  • 5) Department of Energy. (2020). Philippine Energy Plan 2020-2040. Department of Energy. https://www.doe.gov.ph/sites/default/files/pdf/pep/PEP%202022-2040%20Final%20eCopy_20220819.pdf 6) Mordor Intelligence https://www.mordorintelligence.com/industry-reports/philippines-renewable-energy-market 7) Polestrom, (2019). Unpublished 50-Megawatt Solar Power Project Feasibility Study 8) Department of Health. (2020). Philippine Health Facility Development Plan 2020- 2040. Manila, Philippines: Department of Health.https://doh.gov.ph/sites/default/files/publications/DOH_PHILIPPINE%20HEALTH%20FACILITY%20DEVELOPMENT%20PLAN%202020_2040_0.pdf 9) Green Infrastructure Investment Opportunities. (2020) https://www.adb.org/sites/default/files/publication/653566/green-infrastructure-investment-philippines-2020.pdf 10) Oplas, Jr., B. S. (2022). Electrifying profit and penalties, the case of NGCP, DUs, and ERC. BusinessWorld. https://www.bworldonline.com/opinion/2022/02/07/428389/electrifying-profit-and-penalties-the-case-of-ngcp-dus-and-erc/ 11) Fernandez, A. (2021) How the Philippines’ low-carbon plans may fuel a switch to green jobs. Eco-Business. https://www.eco-business.com/news/how-the-philippines-low-carbon-plans-may-fuel-a-switch-to-green-jobs/ 12) As gas reserves wane, Philippines faces rising costs in switch to LNG. (2023). BusinessWorld. https://www.bworldonline.com/top-stories/2023/05/24/524691/as-gas-reserves-wane-philippines-faces-rising-costs-in-switch-to-lng/ 13) Ravago, M. (2023). The cost structure of electricity in the Philippines and other Asian countries: A Comparative Note. ACERD. https://www.ateneo.edu/sites/default/files/2023-01/AdMU%20WP%202023-02_0.pdf 14) Silverio, I. (2023) Filipino Women Speak Out On Equitable Energy Access https://maritimefairtrade.org/filipino-women-speak-out-on-equitable-energy-access/ 15) World Bank (2022). The Philippine Offshore Wind Roadmap https://documents1.worldbank.org/curated/en/099225004192234223/pdf/P1750040b777da0c30935a0e2aa346f4e26.pdf 16) Indrawati, S. (2015) What you need to know about energy and poverty. https://blogs.worldbank.org/voices/what-you-need-know-about-energy-and-poverty 17)Technology Brief. USAID (1998) https://docs.google.com/spreadsheets/d/1AOwwjnF_sEbOnyzznxc3Tu7_6CcrDjjI/edit#gid=1578749044" 18) SINOSAUR Solar Project (2021) https://www.sinosoarhybrid.com/shs-project-philippines2021-en/ 19) Cebu Solar Project (2020) https://demo.cebusolar.com/wp-content/uploads/2020/03/Cebu-Solar-Inc-50MW-Solar-Power-Farm-Business-Plan.pdf