Energy efficiency and renewable energy provide significant benefits to the economy. More than reduced utility costs, the shift to more sustainable energy options can lead to macroeconomic impacts that can boost economic activity and drive employment for businesses.
Capitalizing on Solar Energy: PH tops Asia, ranks 5th worldwide in solar energy use
The Philippines has topped Asia and ranked 5th in the world for the use of solar energy across various sectors and industries.
According to a study conducted in 2018, the country was hailed number one among developing countries in the continent in terms of the use of solar photovoltaic systems for electricity generation. As a tropical archipelago, experts agree that the Philippines has the potential to generate a lot of energy from natural resources. In recent years, local government units and private firms partner to capitalize on this potential. Numerous solar energy farms across the country have been established and founded to supply electricity and power to select areas and localities.
Cheap, Clean, Renewable
According to the International Energy Agency, solar power is turning into the cheapest source of new electricity generation capacity in many countries, especially in Asia. It is also endorsed by frontrunners of sustainability and green real estate for the benefits it offers environmentally and financially.
READ MORE: Benefits of Solar Energy in the Office
The IEA also noted that they are looking forward to the next 25 years, when the world’s growing energy needs are met first by renewables and natural gas as fast-declining costs turn solar power into the cheapest source of new electricity generation.
Investment in Sustainability
The Department of Energy has been bullish in exploring and investing in renewable energy generation to help lower costs, meet the consumption demands, and lessen the country’s carbon footprint. Beyond costs, solar power generation also reduces emission of environment-harming greenhouse gases that contribute heavily to the climate crisis.
Moreover, the shift to renewable energy in real estate is constitutionally encouraged in the country. The Energy Efficiency and Conservation Act requires building owners to use renewable sources. Solar power is most plausible given that the Philippines remains to be the only country to experience 2,000 hours of sun per year.
With the massive movement to go green especially in real estate, the investment or additional cost incurred in the technology used to support solar energy can be outweighed or mitigated upfront by several benefits that it can provide in the long run.
Beyond the idea of conservation, highlighting the improved energy efficiency structure that will be unique to adopting developments and estates is an unparalleled advantage that will have far-reaching implications in overall energy consumption and demand globally.
Interested in green buildings and the move to a more sustainable future? Contact us today at (+63) 2-8403-5519 or email email@example.com.
Benefits of Solar Energy in the Office
The use of solar panels as an alternative energy source can be one of the unique features of a green building. Commercial solar panels capture sunlight and convert it into electricity in order to meet the building’s power needs to operate. As sustainability continues to be one of the standards in real estate development in the new normal, more and more property owners are considering to install commercial solar panels to attract tenants and occupiers. Here are some benefits of using solar power energy in the workplace:
With growing power demand, overburdened networks and increasingly erratic weather, electricity supply remain volatile in some parts of the Philippines. Commercial buildings that utilize solar panels reduce its dependency on the local power grid.
Stored solar energy can help in guaranteeing a 100% uptime and providing a more reliable backup power to sustain business operations in case of a power blackout.
Solar power is a clean and renewable energy that does not contribute to the creation of carbon emissions in the world, effectively reducing air pollution. By using solar power instead of the municipal power supply, businesses that are located in solar-powered establishments limit the production of greenhouse that also contributes to common health problems such as asthma.
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Installing solar panels and sourcing electricity from the sun’s rays also reduces the building’s operational costs. Since commercial buildings that utilize collected and stored solar energy are not purely dependent on local power grids, businesses can expect a partial cut off their monthly utility bills.
Corporate Social Responsibility
Businesses and brands that support and promote sustainability leave a positive and lasting impression on existing and potential clients. Using solar energy and contributing against climate change is considered to be a plus for a company’s CSR.
Return on Investment
Installing and utilizing solar panels has the potential to increase the resale value of any commercial property. Real estate and property investors are more inclined to pay a premium for developments that have solar-enabled assets that deliver benefits to their tenants and occupants.
READ MORE: Green growth: Why is Sustainability crucial for Cebu City
Push for sustainability locally
Named as 2020’s Best Green Commercial Development in the Philippines, JEG Tower @ One Acacia is designed towards sustainability and operates to reduce negative impacts to the environment, and provide a safe and healthy working environment in Metro Cebu.
Interested to know more about how JEG Tower @ One Acacia promotes sustainability in Cebu City’s property market. Contact Lorenzo Rodriguez at (+63)-917-825 6884 for inquiries and more information. You can also call us at (+63) 2-8403-5519 or email firstname.lastname@example.org.