Connect with us

Hi, what are you looking for?

CleanTechnica

Policy & Politics

Philippine Solar Power Developers Call For Extension Of Incentives

Prospective solar power project developers in the Philippines have again called upon the government to increase the capacity eligible for higher feed-in tariffs.

The Philippine Solar Power Alliance has urged the government to increase the capacity eligible for higher feed-in tariff from 500 MW to 2 GW.

The recommendation comes following the government’s announcement to increase renewable energy capacity addition targets. The government initially offered a higher target of P9.68/kWh (US¢21.41/kWh) for just 50 MW solar power capacity, though the cap was subsequently increased to 500 MW. Developers now want a second revision to the cap.

As the 500 MW cap has been achieved, the project developers are now eligible for a revised tariff of P8.69/kWh (US¢19.22/kWh). These tariffs will be applicable for a period of 20 years.

The Energy Regulatory Commission (ERC) has also revised the original cap for wind energy sector from 200 MW to 400 MW. The original tariff offered to wind energy project developers was P8.53/kWh (US¢18.87/kWh) which is proposed to be revised to P7.93/kWh (US¢17.54/kWh).

The ERC set a cap of 250 MW each for hydro power and biomass power projects. For hydro power projects the current tariff is P5.90/kWh (US¢13.05/kWh) while for biomass power projects the tariff is P6.63/kWh (US¢14.67/kWh).

The feed-in tariff regime implemented by the Philippine government has attracted significant investment from the private sector, not only within the country but also from foreign investors. Real estate developer Gregorio Araneta recently announced that it will set up a 100 MW solar PV power plant in the Philippines after the successful implementation of a 30 MW project. Similarly, First Solar signed an agreement with OrionGroup to set up a joint venture company, FSO Energy Solutions, which will set up large-scale solar power projects to cater to the power demand of commercial and industrial entities.

 
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.

Comments

You May Also Like

Batteries

Electric 2-wheelers have been part of the last-mile transportation in the Philippines since 2006 when the first electric bicycles and scooters came in from...

Clean Power

China — Chaozhou, in the Guangdong province of China, intends to install a 43.3 gigawatt wind farm in the Taiwan Straits about 100 km...

Batteries

There were a couple of interesting developments in June in regards to electric power. One was that NextEra Energy issued its Investor Conference Report...

Clean Power

Everyone wants to live in a more energy-efficient world. People are constantly trying to find ways to help make our world more “clean,” yet...

Copyright © 2022 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.