Renewable energy has gained traction over the years due to growing environmental concerns in the Philippines. In fact, a 2020 study by the Institute for Energy Economics and Financial Analysis (IEEFA) stated that solar and wind energy could increase its share in the country’s supply mix from 5.4% to 43.8% – exceeding the government’s projection of 26.9% by 2030. Solar energy, in particular, has become the fastest-growing alternative to traditional fossil fuels.
When it comes to solar power modules however, one manufacturer stands ahead of the pack. According to PV-Tech and Solar Media Research’s recently released 2021-Q1 PV ModuleTech Bankability Quarterly Ratings Report, LONGi Solar maintains its position as the sole manufacturer in the top-tier position, continuing to be the only AAA-rated company among module manufacturers, the highest grade achievable.
LONGi, headquartered in Xi’an, China, focuses on manufacturing PV products and providing solar power technology solutions. Its product offerings range from wafers, cells, modules and PV solar power equipment to solar power systems. It is the exclusive module supplier of the 232MW integrated wind and solar power plant in Ilocos Norte, the largest in the Philippines.