Over 12 GW Renewable Energy Projects Now Approved In Philippines
The Philippines will soon have over 600 renewable energy projects operational as it prepares to significantly expand its clean energy infrastructure.
As of 31 October, 2015, the Philippine Department of Energy had approved a total of 616 renewable energy projects. Hydro power leads all other technologies in terms of projects and capacity approved with a total of 344 projects and 7.39 GW capacity having been approved by the agency.
The Energy agency also approved 105 solar power projects with 2.55 GW capacity, 65 biomass projects with 255 MW capacity, 52 wind energy projects with 3.35 GW capacity, 46 geothermal projects with 750 MW capacity, and 7 ocean energy projects with 26 MW capacity.
A number of these projects were selected under the feed-in tariff policy announced by the Philippine Government. The policy received tremendous response from prospective project developers who urged the government to expand the scope of the policy to cover additional capacity.
Apart from the projects approved, the agency has under its consideration a total of 272 projects representing just over 5 GW capacity.
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