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Frost & Sullivan presents San Carlos Solar Energy with 2014 Philippines Solar Photovoltaic System Integrator of the Year award

Manila, Philippines, 30 July 2014 –San Carlos Solar Energy, Inc. was recently presented with the 2014 Philippines Solar Photovoltaic (PV) System Integrator of the Year award at the 2014 Frost & Sullivan Philippines Excellence Awards held on 17 July 2014 at the Makati Shangri-la Hotel, Manila. This award is presented to the company that has demonstrated excellence in the three key areas of demand generation, brand development and competitive positioning.

Currently, the Philippines has the fifth highest electricity tariff in the world today and the second in Asia, as the country still suffers from frequent blackouts. Due to the high electricity rates in the country, exploration and development of new alternative energy resources such as solar power has been accelerated in order to reduce the country's dependence on imported fossil fuels. This thereby correlates the growing power demand in the country with alternative power resources that are sustainable, reliable and more cost-effective.

Although the conditions for solar projects in the Philippines are very positive, there has been a scarcity of investments in solar projects. While many renewable energy system integrators in the Philippines are actively engaged in developing off-grid solar PV systems and roof-top systems, none of them have ventured into developing large-scale solar plants following the introduction of the feed-in-tariff policy.

"Realizing the country's critical demand for electricity, San Carlos Solar Energy is credited with taking a pioneering initiative to develop the country's first and largest utility scale solar power plant - SaCaSol, a feat which is commendable in a nascent but high growth oriented solar power market," said Ms. Suchitra Sriram, Program Manager for Energy & Power Systems, Frost & Sullivan Asia Pacific.

She continued, "Within a short span of time, the company has strengthened its core services portfolio, collaborated well with product vendors, and have capitalized on opportunities as the market gets ready to adopt solar power. It is well positioned to build a sound track record of projects and set a high benchmark in the industry."

"In recognition of its commitment toward engineering excellence, project management capabilities and prompt service in the high growth solar power market, Frost & Sullivan is pleased to present San Carlos Solar Energy with this award," she added.

The Frost & Sullivan Philippines Excellence Awards is now in its third consecutive year and seeks to recognize companies and individuals that have pushed the boundaries of excellence, rising above the competition and demonstrating outstanding performance in the Philippines market.

First founded in 2012, the Philippines Awards program began by showcasing outstanding IT and Telecommunications companies in the local market. This year, the Awards program expanded to also include other prominent companies in the Philippines from other sectors like Building, Energy, and Environment.

The awards are based on extensive market engineering tools evolved by Frost & Sullivan. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

For more details on the 2014 Philippines Excellence Awards log-in to http://frost-apac.com/philippinesawards/.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

MEDIA CONTACT:

Carrie Low
Corporate Communications – Asia Pacific
E: carrie.low@frost.com
P: +603 6204 5910

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