The first power projects under the Philippines’ main incentive scheme for renewable energy should finally come online next year after a long regulatory struggle, an official said Wednesday.
Solar-power plants of between three and five megawatts each are expected to be the first to supply electricity under the plan, Mario Marasigan, the energy department’s renewable energy bureau chief, told AFP.
“We hope to see the first new renewable installations… under the feed-in tariff system hopefully next year. The most immediate possibility is solar installation,” Marasigan said in an interview.
The so called “feed-in tariff” guarantees energy companies an extra amount of money above the market rate for every kilowatt of clean power they sell.
It was one of the main planks of a 2008 renewable energy law to spur investment and see half the country’s energy come from renewable sources by 2030, compared with about 39 percent currently.
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