This is what PBA is going to work on, floating solar panel on its dams. Look at the successful story of Singapore who started back in 10 years ago, https://www.pub.gov.sg/Public/WaterLoop/Sustainability/Solar/Floating#:~:text=At%2060%20MWp%2C%20the%20floating,10%20floating%20solar%20panel%20islands. The floating solar panel will not only boost the revenue of PBA but also reduce water evaporation based on the research.

the deferred tax is like that because they forecasting lower profits for next year compared to what was forecasted on 3q24. that's why they reversed back some tax credits

the floating solar, could work, but it is something new to them. now you are betting that they are capable of pulling of something new, when they can't even fix their own pipes (pipe burst recently and losing 300k per day)

plus, the solar segment is probably small profits and margins. overall fundamentals r weak

Solar power farming is not something new. If you have big plot of land (dam), you can venture into it any time and the local expertise is available there to assist. I truly believe that with the mass area of its dams ( of cost not covering the entire dam) , this is going to increase the revenue (profit) of the company in near term.