Business World Online
Posted on February 28, 2012 09:14:39 PM
THE COUNTRY has to address several issues if it wants to further develop clean technology, British firms involved in renewable energy said in a forum.
At the UK Experience in Renewable Energy event yesterday, the firms identified issues to entice investments in renewable energy, namely, price, inadequate resource maps and lack of accreditation system for technology installers.
"Those who want to invest in renewable energy have to be able to know the best location, do due diligence and ensure performance and quality," Claire Watson, an associate with renewable energy law firm Pinsent Masons, said in a speech.
Investors should also know where to file requests for licenses before applying for service contracts with the Energy department, she added.
Aside from the steps to obtain permits, the need for resource location was also raised.
"There is a need to have adequate maps for resources for better understanding of the country’s potential," said Michael Doran, managing director of Action Renewables.
He noted the need for "an accreditation system for installers but there has to be quality control over the people who install your solutions."
The speakers said the Philippines should first focus on the approval of so-called feed-in tariff, or guaranteed payments to renewable energy investors through a universal charge.
Meanwhile, the feed-in tariff could be approved in the second quarter, an official said.
"(I)t is possible to approve it for the second quarter," said Energy Regulatory Commission Executive Director Francis Saturnino C. Juan on the sidelines of the forum. -- E. N. J. David
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