THE NATIONAL Renewable Energy Board (NREB) wants the government to put a cap on every solar and wind project that will be enrolled under the feed-in tariff (FIT) scheme, to allow more developers to avail of the guaranteed tariff.
Jul 152015
Jul 122015
A GROUP of solar energy developers in the country has proposed a further increase in the allocation for solar technology under the feed-in tariff (FIT) scheme.
Jul 092015
THE ENERGY Regulatory Commission (ERC) has started the review process for the adoption of a lower rate for wind power projects that will be applied in the feed-in tariff (FIT) scheme.
Feb 122015
BURGOS, ILOCOS NORTE — As part of the preparations for the increase of solar power allocation under the feed-in tariff (FIT) scheme, industry stakeholders are seeking to lower the rate for projects utilizing that particular renewable energy (RE) technology.
Jul 232013
MANILA, Philippines – AboitizPower, the holding company for the Aboitiz Group’s power generation, distribution and retail businesses, is eyeing to embark on wind projects, saying the sector could be an attractive venture. “We’re looking at some wind projects but it’s a bit difficult to sell,” said AboitizPower senior vice president Luis Miguel Aboitiz. He noted that wind energy is more expensive than coal and should be sold in a different way. At the same time, Aboitiz said the incentives from the government for renewable energy projects such as the feed-in-tariff (FIT) would help investors. The FIT regime is a form of incentives for renewable energy players. The FIT rate approved by the Energy Regulatory Commission (ERC), the power regulator, are as follows: P9.68 per kilowatt-hour for solar; P8.53 per kwh for wind, P6.63 per kwh for biomass and P5.90 per kwh for hydropower projects. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 AboitizPower is one of the biggest power companies in the Philippines, with plans to invest P125 billion in the power sector over the next five years to double its capacity to 3,500 megawatts (MW). The Department of Energy, for its part, has been enticing investors to the wind power sector. It expects 300 MW of power capacity by 2016 from a total of five wind power projects. This is on top of the approved three wind farm projects that will generate 208 MW, enough to supply power to at least 40,000 middle-class homes. The three projects are Read More …
May 262013
MANILA, Philippines – Harnessing solar power in the Philippines can decrease the country’s dependence on the increasing and volatile prices of fossil fuels as bulk of the country’s supply of crude and finished petroleum products come from the Middle East, a report developed by the GIZ on behalf of the German Federal Ministry of Economics and Technology said. Citing data from the Department of Energy, the report said that while the aspirational solar energy target set by the government is 1,528 megawatts, the potential may even be greater. The DOE’s 2009 to 2030 Power Development Plan said the country’s energy consumption may reach 149,067 gigawatt-hours (Gwh) by 2030, from an estimated demand of 86,809 Gwh by 2018 and actual demand of 55,417 Gwh in 2008. “Peak demand should hit 14,311 Gwh by 2018 and go up to 24,534 Gwh by 2030 from 2008’s 9,226 Gwh,” the report said. As such, to ensure adequate power supply, additional capacity can come from renewable energy, particularly from solar power. The National Renewable Energy Program said the country’s RE base should reach 15,304 MW by 2030, almost triple the current installed base, of which 10 percent will be attributed to solar energy. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 In the report, the GIZ said the installed base for solar can be increased and accelerated. It said that under the so-called feed-in-tariff (FIT) rules, the Energy department needs to decide on how to continue the process after the target has been reached Read More …