DuPont eyes big share of solar market in the Philippines

DuPont is set to launch solar power solutions in the Philippines for sectors such as farms and households. According to Carl Lukach, President of DuPont East Asia, the US-based DuPont group saw great potential in the Philippines for solar power solutions from its DuPont Apollo business, which produces thin film solar panels. Ramon S. Abadilla, Philippine country managing director of DuPont Far East Inc., said DuPont Apollo might forge partnerships with local firms with complementary expertise, such as installation. Whilst solar power is still in its infancy in the Philippines, the Philippine government has already set in place a law to encourage its use. DuPont and other companies considering putting up renewable energy businesses in the Philippines are closer to implementation with the Energy Regulatory Commission’s (ERC) approval of feedin tariff (FIT). The FIT scheme, which was required under the Renewable Energy Act of 2008, guarantees returns for renewable energy firms through fixed rates to be shouldered by consumers.

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