by Myrna Velasco November 4,
2015
The Department of Energy (DOE) has
awarded another renewable energy service contract (RESC) to a Filipino firm for
a proposed 50-megawatt (MW) solar power development.
The grantee-firm is Roxas Green
Energy Corporation which will be working on the project at its chosen site in
Nasugbu, Batangas.
The solar farm, according to the
project sponsor firm, is targeted for commercial commissioning by the first
quarter of 2016.
For all investors engaged in solar
projects, the first quarter of next year is a well-known target completion date
because March 15 will be the cut-off for the installations that could be
included in the second wave of feed-in-tariff (FIT) for the technology.
It has been set as a race by the
energy department, and the grant of FIT incentives shall be done on a “first
come, first served” basis.
The second round of FIT for solar as
approved by the Energy Regulatory Commission (ERC) had been pegged at P8.69 per
kilowatt-hour (kWh) – down from the initial incentive of P9.68 per kWh.
The first project-beneficiaries had
just been limited to 50MWs, to the dismay of many interested parties; thus, the
DOE was prompted to raise the FIT-supported installation to 500MW.
Energy officials though have been
indicating that even the additional 450MW may not be saturated yet by March 15,
2016 because some installations have hurdles with permitting as well as
right-of-way concerns at their project sites.
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