Japan. Sharp of Japan was the one who Cepalco has developed the manufactured the photovoltaic modules or very 1st and the largest in the world, 1 MWP the solar panels while Sansha manufactured Photovoltaic Power Plant (at the time that it the inverters. The balance of system was inauguration in 2004). A solar panel is components were procured locally. made out of polycrystalline silicon; it is based photovoltaic plant and connected to The Photovoltaic Plant is designed to the energy distribution of Cagayan Electric be operated so that if the 7MW run-of-the- Power & Light Co., Inc. (CEPALCO) that is river hydro plant which is also owned by based in Cagayan de Oro City. The power CEPALCO, supplementary company, plant has started its commercial operations Bubunawan Power Company. Being one of on September 26, 2004, the photovoltaic a kind, the photovoltaic plant has already plant has given CEPALCO a total of 4, 169, been visited by more than 10, 000 students 100 kWh or an average of 1, 389, 700 and visitors, locally and even from foreign yearly, which is 10% more expected of the countries that are energy enthusiasts since expected annual energy generation of 1, 261, the plant has started operating. 400 kWh. On its current tally of its And because of the good feedback of generating capacity, the photovoltaic plant the photovoltaic plant, CEPALCO is now can generate 900 CEPALCO residential planning to embark to an even bigger solar customers. power park within its service territory. The The CEPALCO photovoltaic power future solar power plant is said to be located plant is closed costs to 5.2 million US in Villanueva, Misamis Oriental. It is a 30- dollars it is equivalent to 233.2 million hectare lot within the First Cagayan de Oro pesos. The plant is currently using 6, 500 Business Park. The place is some 30 minute solar panels that occupies 2 hectares of land, east of Cagayan de Oro City. it was partly funded by the Global Pre-probability study of the projected Environment Facility (GEF) which was Photovoltaic plant states that if it will be facilitated by the World Bank through the implemented it can already supply the help of the International Finance CEPALCO energy distribution company Corporation. The GEF fund was a loan that with not less than 14, 000, 000 kWh of is a grant after five successful years of electricity yearly, that is equal to not less operation of the Photovoltaic Plant by than 30, 000 barrels of fuel oil annually. CEPALCO. They were awarded as a turnkey by the Sumitomo Corporation of