Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

PNOC eyes aquavoltaic systems for solar energy

STATE-RUN Philippine National Oil Co. (PNOC) is exploring the development of aquavoltaic systems in the Philippines, aiming to install solar panels atop fishponds.

“This is a very good convergence between agriculture production and energy,” PNOC President Oliver B. Butalid said in an interview last week.

PNOC hopes to carry out the project in expansive areas with the involvement of an investor.

“It is not going to disrupt the fish production, so we will be looking for contiguous fishpond areas in the hundreds of hectares.”

Ma. Rowena C. Raymundo, PNOC’s manager of business research and development department, said that the project is currently in the “drawing stage,” with plans to demonstrate it in fishponds located in Pampanga.

“The idea there is putting up solar panels above fishponds. It [would] cover about 40-60% of the area, so we don’t compromise the productivity of the fishponds,” she said.

Unlike floating solar technology, aquavoltaic system involves putting solar panels that are three meters above water by placing poles, she noted.

“[The proponent] is someone who has done this in Taiwan and China, and the results have been successful that is why they want to replicate, do it here in the Philippines.”

PNOC is also exploring the possibility of becoming a retail electricity supplier for government entities as part of its strategy to become a service provider to government agencies.

“We want to present this option to them because most of the government agencies who are large consumers of electricity… they are not very well-served by private players because there are peculiarities in the government, like everything we do has to go through a procurement,” Ms. Raymundo said. — Sheldeen Joy Talavera

You May Also Like

Forex

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...

Editor's Pick

FINANCE SECRETARY RALPH G. RECTO — DEPARTMENT OF FINANCE By Keisha B. Ta-asan, Reporter NEWLY APPOINTED Finance Secretary Ralph G. Recto took his oath as...

Forex

The introduction of aggressive climate objectives by global economies and growing prospects for reducing carbon emissions are driving the growth of the district heating...

Forex

In the dynamic automotive sector, consistent growth of the electric vehicle (EV) charging industry has become increasingly evident. Consumers and businesses alike are recognizing...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Secrets Of Richdads. All Rights Reserved.