Philippine PV market is small but growing
Currently has a cumulative capacity totaling over 5 MW.
Analysts said important drivers propelling PV growth are the high cost of conventional electricity and the FIT program.
Tetchi Cruz-Capellan, president of the Philippine Solar Power Alliance Inc., said the total output of photovoltaic systems connected to the grid last year cme to just 2.2 MW, in addition to around 3 to 3.5 MW of output from off-grid systems.
She believes the Philippine photovoltaic market is gaining momentum. From 280 kW installed in grid-connected plants in 2011, the figure grew to 1.2 MW in 2012. The project pipeline for grid-connected systems amounts to more than 800 MW.
Sources in the PV sub-sector expect to see 30 to 40 MW of new capacity added this year. The Solar Power Alliance is preparing a 10-year roadmap for expansion of installed PV output to 2 GW by 2023. The roadmap is expected to be presented by the end of June.