Interest in renewable energy projects has remained high with investors racing to complete their power projects, according to an official of the Department of Energy.
Mario Marasigan, director of the renewable energy management bureau of the DOE, said that last week, one mini-hydropower project was launched while development started on another.
This week, an association of rice millers will also break ground for a 20-megawatt biomass facility in Isabela.
“There is greater interest … [The DOE’s presence in these ceremonies] gives financial institutions the assurance that the power projects are backed by the government,” Marasigan said.
According to Marasigan, the two mini-hydropower projects are being put up via a partnership between Meadowland Developers Inc. and Green Innov Energy.
A groundbreaking ceremony was held for the 500-kilowatt hydropower facility in Badian while a 400-kW project was launched in Carmen, Cebu.
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