Davao solar rooftop project gets BOI perks
READ: Vivant powers school in Bukidnon via rooftop solar
The 519.2-kilowatt peak (kWp) project is expected to deliver annual energy savings of 17.27 GWh, resulting in a total reduction of 137,000 tons of carbon dioxide (CO2) emissions. According to the Department of Trade and Industry’s (DTI) lead investment promotions agency, the Department of Energy (DOE) had earlier endorsed the project to their office, aligning government agencies’ goals on implementing sustainability measures. The BOI earlier said it had approved P1.35 trillion worth of investments starting January, with projects in the renewable energy sector amounting to P1.29 trillion or 95 percent of the total. The Philippines aims to increase renewables’ share in the power generation mix from the current 22 percent to 35 percent by 2030 and to 50 percent by 2040.
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