by Myrna Velasco June
20, 2016 (updated)
At least 12 newly
completed solar projects, comprising the second wave in the solar development
race, have been formally endorsed by the Department of Energy (DOE) for
availment of the feed-in-tariff (FIT) incentives.
The total capacity
granted with FIT subsidy hovers at 525.95 megawatts – both for those with FIT
rates of P9.68 per kilowatt hour (kWh) in the first round; and P8.69 per kWh in
the second batch of contracting.
Altogether,
24 projects have been qualified for FIT incentives, but the first 12, except
for two, already secured their respective FIT certificates of compliance
(FIT-COCs) with the Energy Regulatory Commission.
According to the long-awaited
DOE list, the 12 new projects endorsed for FIT-COCs have total capacity of
344.71 megawatts. The first one is 41.3MW Majestics Energy Corporation at the
Cavite Economic Zones 1 and 2 that was still prescribed a FIT of P9.68 per kWh.
The others with FIT of
P8.69 per kWh are the: 6.23-megawatt NV Vogt Philippines Solar Energy in
Surallah, South Cotabato; 63.30MW Solar Philippines Calatagan Corporation in
Batangas; 132.50MW Helios Solar Energy Corporation in Cadiz City, Negros
Occidental; 20MW Mirae Asia Energy Corporation in Ilocos Norte; 10.49MW Asian
Greenenergy Corporation in Kibawe, Bukidnon; 2.04MW Absolut Distillers Inc.
project in Lian, Batangas; 15.0MW Bulacan Solar Energy Corporation; 8.50MW
Valenzuela Solar Energy Inc.; 18.0MW Monte Solar Energy, Inc. in Bais City,
Negros Oriental; 22.33MW Enfinity Philippines Renewable Resources, Inc. in
Clark freeport zone in Pampanga; and the 5.02MW Solar Powered Agri-Rural
Communities Corporation in Zambales.
The solar farm
installations that already secured FIT-COC approvals are also comprise of 12
projects for a total capacity of 181.24MW.
The first six projects
bequeathed with FIT of P9.68 per kWh have been the: 13MW San Carlos Solar
Energy, Inc (SaCaSol). – Phase 1A in Negros Occidental; 9.0MW SaCasol Phase 2;
10MW Raslag Corporation in Mexico, Pampanga; 4.1MW Energy Development
Corporation (EDC) Solar Power Plant in Burgos, Ilocos Norte; 30MW Phil Solar
Farm-Leyte Solar Power Plant Project in Ormoc City; and the 1.5MW Solar
Philippines Commercial Rooftop Projects, Inc. at the SM North Edsa in Quezon
City.
The other six with
FIT-COCs at P8.69 per kWh subsidy are the: 23MW San Carlos Solar Energy Inc. –
Phases 1C and 1D; 13.14MW Raslag Corporation project-Phase 2; 2.66MW EDC Burgos
2 in Ilocos Norte; 14.51MW YH Green Energy Inc. project in Hermosa, Bataan;
50.07MW Petrosolar Corporation project in Tarlac City; and the 10.26MW First
Cabanatuan Renewable Ventures, Inc. project in Nueva Ecija.
The completion deadline
for the second wave solar FIT race had been March 15 this year. And as it was
shown in the DOE roll that all qualifiers adhered to the prescribed project
completion timeframe.
For the initial round,
the FIT was set at a smaller 50MW cap of installation; while the second one was
a heftier addition of 450MW.
Nevertheless, due to
the “indivisibility rule,” there had been “spillover tendency” in the total
capacity that shall be incentivized with FIT because the project capacities are
not designed for disintegration.
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