Photovoltaic power generating cell panels at a farm
in the US. – Wikipediapic
By ALFREDO P HERNANDEZ
A SOUTH Korean energy company will build a US$19 million,
5MW photovoltaic power plant in Daet, CamNorte.
Photovoltaic systems (PV systems) use solar panels to convert sunlight into electricity.
Photovoltaic systems (PV systems) use solar panels to convert sunlight into electricity.
A deal was recently signed between an unnamed group in the
province and the S & W Power Inc, a Philippine-based energy company with
South Korean owners.
Under the agreement, S & W Power will provide the
necessary finances, technical study, installations to the group, which in turn
will provide the needed land to be developed as photovoltaic power farm.
The South Korean firm was represented in the deal signing by
Leekyu Kim, chairman, and Kwang Hyun Kim, vice-president.
The technology involved in PV power generation is readily
available but has remained scarce in use in the country due to its high
start-up cost.
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