Davao Oriental’s inaugural Solar Power Generation Plant is set to become operational in March 2024, offering a promising solution to power outages and high electricity costs that have plagued the province. The ground-breaking ceremony for the plant, located in a 40-hectare area in Barangay Maputi, Banaybanay town.
King Shing Donny Yeung, CEO of DY Green Energy Corporation, announced that the development will commence in November 2023, with power generation scheduled for the first quarter of 2024. The province’s proactive leadership and ideal location for solar energy, characterized by minimal shadow and an upstream position, have been pivotal in the project’s decision-making.
To ensure uninterrupted power supply, the solar plant will incorporate storage facilities to provide stable electricity 24/7, even during the night.
Governor Sotero Niño Uy, Jr. highlighted the solar power plant’s significance in addressing the province’s escalating energy demands and tackling recurring power outages. He emphasized the importance of stable and adequate electricity to drive economic growth.
The technical team of the province has projected that when the Solar Power Generation Plant operates at full capacity, it could potentially reduce electricity costs in Davao Oriental by 25 to 30 per cent. The establishment cost, rather than the energy source itself, contributes to the overall expenses. In the initial phase of operation, the plant is expected to harvest 20 to 30 per cent of its capacity, but when combined with other power sources like coal and diesel, it may lead to lower power prices.
DY Green Energy Corporation and Davao Oriental Electric Cooperative (DORECO) are in discussions to finalize the supply agreement, with a potential reduction in electricity rates on the horizon.
Apart from offering a greener and more sustainable energy source, the solar plant is anticipated to create job opportunities, boost investments, and enhance the province’s tourism industry. It aligns with Davao Oriental’s commitment to combat climate change and reduce carbon emissions, furthering the region’s drive towards a cleaner, more prosperous future.
