A Benefit-Cost Analysis on Agrivoltaic System Adoption in the Philippines: A Case Study on Acen Solar Gulayan /

Date

6-2024

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Emmanuel Genesis Andal

Committee Member

Jefferson A. Arapoc, Gideon P. Carnaje, Maria Angeles O. Catelo

Abstract

The integration of solar photovoltaic panels within agricultural areas, known as agrivoltaic systems, presents a promising solution to tackle the intertwined challenges of low-impact energy generation to the environment and agricultural production. The study aims to evaluate and analyse the benefits and costs of agrivoltaic systems and their adoption in the Philippines. This study conducted a comprehensive Benefit-Cost Analysis (BCA) to assess the economic viability of the Solar Gulayan Program, an innovative initiative implementing agrivoltaic technology in Alaminos, Philippines. The results reveal a positive Net Present Value (NPV) ranging from Php 67,911,983/ha to Php 72,368,009/ha, emphasizing the economic efficiency of the program. The contribution of adding various agricultural components to the system generated additional benefits of Php 383,320.26/ha scenario 1, Php 473,904.40/ ha scenario 2, and Php 496,702.90 /ha scenario 3 strengthens the economic viability of agrivoltaics.

However, despite its economic potential, agrivoltaics adoption in the Philippines encounters challenges such as archipelagic nature and fragmented agricultural lands, alongside sectoral constraints and limited access to investments. Nevertheless, the adoption of agrivoltaic systems offers a transformative pathway towards sustainable development in the Philippines. While not a general solution for all climate change problems, agrivoltaics presents a valuable and viable technical approach to simultaneously address energy and food production needs while conserving land resources and pushing for sustainability in the energy and agricultural sectors.

Language

English

LC Subject

Cost effectiveness, Sustainable development

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2024 E2 Q56

Notes

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Document Type

Thesis

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