posted February 18, 2016 at 11:35 pm by Alena Mae S. Flores
More than a dozen solar power
projects, with a combined capacity of 600 megawatts, are in the race to get
endorsement from the Energy Department to avail of the feed-in tariff rates.
The Energy Department has so far
endorsed nearly 200 MW of solar power projects to the Energy Regulatory
Commission for FIT availment under the second wave of solar installation
targets.
“Right now, based on those who asked
for inspection, [the solar installation target] is still not fully subscribed,
but I know there there still a lot of companies that want to comply [with the
deadline],” Energy Secretary Zenaida Monsada told reporters.
The site verification will determine
whether the solar power projects are now fully operational and are connected to
the transmission grid. The department set the deadline for compliance on March
16.
The companies are hoping to avail of
an FIT rate of P8.69 per kilowatt-hour under the second wave of approved
installation targets, accounting for 450 MW of solar capacity.ASF
The first wave of approved solar
installation targets covering 50 MW availed of the P9.68 per kWh feed-in tariff
rate for 20 years.
The entry of more solar power
projects is an offshoot of the passage of the Renewable Energy Law of 2008
which put the Philippines in the world renewable energy map.
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