Greenheat to double solar capacity, pursue offshore projects

By Gabriell Christel Galang – Oct 22, 2024 03:57 PM
from Manila Bulletin

Solar solutions provider Greenheat Corporation plans to expand its operations in the coming months by increasing its installed capacity from 40 to 50 megawatts (MW) to 100 MW.

In a briefing on Tuesday, Oct. 22, Glenn Tong, Greenheat managing director, said this ambitious goal is part of the company’s commitment to net zero emissions and international projects.

In particular, Tong said they have been actively pursuing solar projects worth at least P2 billion over the next 18 months.

Greenheat is also exploring partnerships with foreign companies in Europe and the Middle East.

“There’s a partnership coming from abroad, and I want it to be set up fairly… Something fair for all parties involved,” he said.

They are also venturing into hybrid and solar PV systems, as well as considering non-arable land for potential solar farms and electric vehicle (EV) charging stations.

Looking ahead, Tong presented possible developments of container vans equipped with solar panels that would allow remote areas to have access to their sustainable operations.

Regarding potential hurdles in achieving their 100-MW goal, the Greenheat chief explained that the two main obstacles they expect to face are a lack of familiarity with solar investments and their capabilities and regulatory challenges.

“A lot of people who want to get into solar get the wrong ideas,” he said.

“[The biggest hurdle] is the knowledge and wrong expectations, and the second is regulations. There is a lot that needs to be improved.”

Tong elaborated that to begin their solar developments, they have to go through regulatory processes with various local government units (LGUs) that have various permits and requirements.

He also stated that projects only have a limited duration, therefore making better implementation of policies is essential.

At present, Greenheat has installed nearly 18,000 kilowatt-peak (kWp) of solar capacity for large businesses such as SM, Landers Superstores, and Wilcon Depot. This capacity is equivalent to what GreenDot has installed for its residential customers.