RE projects charge ahead | Inquirer Business
Close  

RE projects charge ahead

/ 12:18 AM October 23, 2015

The government has so far approved a total of 31 renewable energy (RE) projects and more are being processed, the Department of Energy (DOE) said.

The combined capacity of up and running projects has already reached 2,937.06 megawatts (MW). Including facilities that have yet to be constructed, the potential capacity could reach 4,517.48 MW.

ADVERTISEMENT

Meanwhile, 255 other projects—with a potential capacity of 4,517.48 MW—are still being processed for approval.

Beginning 2014, RE has become the fastest growing sub-sector in the energy sector. Solar power development was especially strong, outshining other technologies in terms of project roll-outs and contract offtakers.

FEATURED STORIES

The Philippines’ RE capacity is seen to reach 15,304 MW by 2030.

DOE director for the Renewable Energy Management Bureau Mario C. Marasigan said developers seeking allocations on guaranteed rates under the feed-in-tariff (FIT) system must follow a tight schedule approved by DOE. Riza T. Olchondra

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Department of Energy, DoE, Mario C. Marasigan, renewable energy, Renewable Energy Management Bureau, solar power
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.