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Philippines Business Report 2017

Presented by

Discovery Reports

Solar power plant developer nv vogt implements projects that heal the planet

There is high demand for renewable energy in Asia, and nv vogt aims to provide electricity to more areas while ensuring the sustainable supply of resources

PUBLISHED : Wednesday, 05 April, 2017, 12:33pm
UPDATED : Wednesday, 05 April, 2017, 12:33pm

Country Business Reports interviews and articles by Discovery Reports www.discoveryreports.com

Energy demand in Asia-Pacific is expected to double by 2030, and players in the renewable energy sector are bracing to compete. More than responding to the increasing demand, solar power plant developer nv vogt aims to provide electricity to underserved areas while ensuring the sustainable supply of resources. It is focused on managing its three solar plants in the Philippines, and is eagle-eyed on expanding its presence in Bangladesh, Indonesia and other parts of Southeast Asia.

Working with ethical electricity distribution organisations and partners, nv vogt lowers generation costs by introducing solar energy to distributors’ daytime peaking load mix. It signed the Philippines’ first bilateral solar power purchase agreement with the South Cotabato Electric Cooperative in Mindanao, and is looking to seal power purchase agreements in Thailand, Taiwan and Vietnam.

“We are successful because of our people,” says Nikesh Sinha, co-founder and business development director of nv vogt. “We value integrity, honesty and a good heart – characteristics that we also look for in our partners and investors.”

Solar and other renewable energy players are now leading the world into a new energy cycle that is safe and clean
Vivek Chaudhri, director, nv vogt Philippines

Serving 10,000 households that reach around 50,000 people in the country, nv vogt is actively involved in the communities where its plants are located, helping schools and local institutions. “A significant percentage of the households we serve are rural. This gives us great satisfaction,” says Vivek Chaudhri, director of nv vogt Philippines.

The company is supported by German engineering partner ib vogt – a leading builder of solar power plants that are optimised for performance and long-term reliability. Engaging ib vogt’s technical expertise, nv vogt implements safe and efficient project development designs that are adapted to Asian markets.

“The traditional carbon cycle that supported the energy demand of the world is over,” Chaudhri says. “Solar and other renewable energy players are now leading the world into a new energy cycle that is safe and clean. Together, we will heal the planet.”

nv vogt
www.nv-vogt.com/de/home/