Knowledge, Awareness, Community Perception, and Ex-Ante Financial Impact Analysis of Floating Solar Photovoltaic in Bay, Laguna, 2025

Date

6-2025

Degree

Bachelor of Science in Agricultural Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Arvin B. Vista

Committee Member

Geny F. Lapiña, Maria Angeles O. Catelo

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Abstract

The objective of this study was to analyze the local knowledge, awareness, community perception, and ex-ante financial impacts of the FPV solar farm projects in Bay, Laguna. Specifically, this study aimed to: (1) describe the proposed Bay 1 and Bay 2 Floating PV Power Plants and the host barangays; (2) describe the characteristics of selected stakeholders in lakeshore host barangays from Bay, Laguna; (3) assess the knowledge and awareness of members from host barangays regarding project aspects and other relevant information; (4) determine the community perception towards the Bay 1 and Bay 2 Floating PV Power plant projects among the host barangays; (5) assess the ex-ante financial impacts of the Bay 1 and Bay 2 Floating PV Power plant projects; and (6) make recommendations based on the study’s findings. A total of 100 respondents from the area were interviewed, 29 of which were local fisherfolk, using a questionnaire covering socio- economic characteristics, knowledge, awareness, and perception of respondents regarding the Bay 1 and Bay 2 Floating PV Power plant projects. These are floating solar projects that are going to be handled by SunAsia Energy subsidiaries and are set to be constructed in the jurisdiction of Bay, Laguna. Tables, frequency count, mean and summations, and standard errors were used in the descriptive analysis. Correlation analysis was used to determine the relationship among socio-economic characteristics, level of knowledge, and perception of respondents. Financial cost analysis was then conducted to determine the potential impact of the project for its host communities.

Correlation analysis revealed that for knowledge, only two characteristics showed significant correlation, namely sex and livelihood, with a correlation coefficient of 0.40, and 0.55 respectively. Each shows a positive correlation to knowledge of the FPV projects and their scope. For perception towards the FPV projects, the same two characteristics showed significant negative correlation, with a correlation coefficient of -0.17, and -0.28, respectively. Correlation between knowledge and perception was also tested and resulted in correlation coefficient of -0.1750, a slight negative correlation. Based on the results of the financial cost analysis, the total present value of benefits was about PhP 26,164,947,001, while total present value of costs was about PhP 7,107,632,844. This resulted in an NPV of about PhP 17,854,029,577, and resulted in an FCR of 3.15, which means that the benefits of the project outweigh the cost. This shows that for the host communities in Bay, which are San Antonio, Santo Domingo, and Tagumpay, the potential benefits of the project do justify the costs.

In light of these results and to improve knowledge and perception of residents in the host communities of Bay, the following recommendations were suggested: (1) increase engagement with other members of the host communities beyond the fisherfolk and present finalized details of the project, and (2) promote the extent of the potential financial contributions the projects will have for the host communities

Language

English

LC Subject

Solar energy—Research, Situational awareness--Safety measures

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2025 A14 C39

Notes

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Document Type

Thesis

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