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    23-Year-Old On A Mission To Overturn Costly Philippine Power Industry

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    George L Pastor
    Based on the information provided, Leandro Leviste used two major sources of opportunity in establishing Solar Philippines: 1. He had previously invested in Tesla stocks when they were cheap and sold them at a high price, making a profit of $200 per share. He used this profit from his successful Tesla investment to help fund Solar Philippines. 2. He recognized that electricity rates in the Philippines were some of the highest in Asia, contributing to issues like poverty. However, the existing power providers had created a system that allowed them to charge such high rates. Leviste believed this system could be disrupted through the introduction of solar power from a company like Solar Philippines. In summary, Leviste leveraged his prior successful investment in

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    23-Year-Old On A Mission To Overturn Costly Philippine Power Industry

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    George L Pastor
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    Based on the information provided, Leandro Leviste used two major sources of opportunity in establishing Solar Philippines: 1. He had previously invested in Tesla stocks when they were cheap and sold them at a high price, making a profit of $200 per share. He used this profit from his successful Tesla investment to help fund Solar Philippines. 2. He recognized that electricity rates in the Philippines were some of the highest in Asia, contributing to issues like poverty. However, the existing power providers had created a system that allowed them to charge such high rates. Leviste believed this system could be disrupted through the introduction of solar power from a company like Solar Philippines. In summary, Leviste leveraged his prior successful investment in

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    Based on the information provided, Leandro Leviste used two major sources of opportunity in establishing Solar Philippines: 1. He had previously invested in Tesla stocks when they were cheap and sold them at a high price, making a profit of $200 per share. He used this profit from his successful Tesla investment to help fund Solar Philippines. 2. He recognized that electricity rates in the Philippines were some of the highest in Asia, contributing to issues like poverty. However, the existing power providers had created a system that allowed them to charge such high rates. Leviste believed this system could be disrupted through the introduction of solar power from a company like Solar Philippines. In summary, Leviste leveraged his prior successful investment in

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    9 views1 page

    23-Year-Old On A Mission To Overturn Costly Philippine Power Industry

    Uploaded by

    George L Pastor
    Based on the information provided, Leandro Leviste used two major sources of opportunity in establishing Solar Philippines: 1. He had previously invested in Tesla stocks when they were cheap and sold them at a high price, making a profit of $200 per share. He used this profit from his successful Tesla investment to help fund Solar Philippines. 2. He recognized that electricity rates in the Philippines were some of the highest in Asia, contributing to issues like poverty. However, the existing power providers had created a system that allowed them to charge such high rates. Leviste believed this system could be disrupted through the introduction of solar power from a company like Solar Philippines. In summary, Leviste leveraged his prior successful investment in

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    Saint Paul’s School of Ormoc Foundation, Inc.

    Apitong St., Brgy. Punta, Ormoc City


    (053) 255-4712 | getinfo@spsormoc.edu.ph

    SENIOR HIGH SCHOOL DEPARTMENT | S. Y. 2020 -2021

    23-year-old On A Mission To Overturn Costly Philippine


    Power Industry

    When Leandro Leviste studied at Yale University, he heard about Elon Musk’s designs for Solarcity. Leviste had bought stocks in Tesla, Musk’s
    electric car brand, when they were cheap and sold them for $200 apiece at just the right time. Now he wants to cash in again: follow Musk’s mission
    by building the Philippine equivalent of Solarcity, which is an American company that installs solar panel systems on buildings and owns capacity
    to make the panels. The 23-year-old founder of Solar Philippines has spent $100 million dollars in bank loans arranged through family connections
    as well as his Tesla profits to build solar “farms” and rooftop panel systems. The company provides solar power in Leviste’s homeland the
    Philippines, a Southeast Asian archipelago of 102 million people. Leviste says he got into it because Filipinos pay some of Asia’s highest electricity
    rates but shouldn’t. Existing power providers have rigged it that way, the founder believes. The high rates contribute to poverty, an issue for 22% of
    the Philippine population, and deter foreign companies from investing in a country that’s otherwise on the move economically, he adds. He suspects
    that foreign manufacturers such as Intel and Ford Motor Co. left the Philippines in part because electricity rates were raising production costs.
    https://www.forbes.com/sites/ralphjennings/2016/05/25/23-year-old-on-a-mission-to-overturn-costly-philippine-power-industry/?sh=a1bbb2020434

    Question:
    What major source/s of opportunity Leandro Leviste used in establishing
    Solar Philippines?

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