China’s Trina Solar eyes 10% of PHL solar energy market share

China-headquartered Trina Solar on Tuesday said it hopes to capture at least 10 percent of the Philippine market for residential solar energy.

The company has just launched its solar rooftop product— the Trinahome Solutions—in the country.

In a press conference in Makati City, Trina Solar Philippines country manager Junrhey Castro said the company expect to reach its initial goal of 10-percent market share by 2019.

“We have quite a bit of an aggressive target in the Philippines. We are given the task to meet at least 10 percent market share,” he told reporters. “For the residential share of the market, we're looking at least 5 to 6 megawatts a year in the Philippines.”

Depending on the roof size and customer requirements, Trinahome panels are designed as 1.5-kilowatt, 3.5-kilowatt, 5-kilowatt, and 10-kilowatt systems and costing from P100,000 to P500,000.

Castro claimed the Trinahome system pays for itself in four to six years, it is the “perfect investment.”

All components of the product—solar modules, inverter, grid box, and mounting—are backed by a 25-year Trina Solar warranty.

“The whole system is backed by one supplier. All the components work together seamlessly to provide greater efficiency,” Castro noted. —VDS, GMA News