More renewable energy projects have been endorsed for tariff incentives.
According to the Department of Energy (DOE), five biomass, three hydro, two solar and four wind projects with a combined capacity of 304.51 megawatts have been granted certificates of endorsement (COE).
Should they pass muster with the Energy Regulatory Commission (ERC), the 14 projects would qualify for feed-in-tariff (FIT), a guarantee that their developers can recover their costs plus a margin for the next 20 years.
After qualifying for FIT, the project proponents can secure financing from their lenders.
The endorsed projects include the following:
Bagasse-fired cogeneration power plant (3 megawatts) of Green Future Innovations Inc.;
Montalban Landfill Methane Recovery and Power Generation Facility (2.17 MW) of Montalban Methane Power Corp.;
Payatas Landfill Methane Recovery and Power Generation Facility (0.876 MW) of Pangea Green Energy Philippines Inc;
Biomass Gasification Power Plant (3.60 MW) of Lucky PPH International, Inc.;
San Jose City Rice Husk-Fired Biomass Power Plant (9.9 MW) of San Jose City I Power Corp.
Irisan 1 (3.8 MW) and Tudaya 2 (7 MW) hydroelectric plants of Hedcor Inc.;
Commonal-Uddiawan Hydro Electric Power Plant (1.8 MW) of Smith Bell Mini Hydro Corp.;
San Carlos Power Project Phase A and B (13 MW and 9 MW) of San Carlos Solar Energy Inc.;
Bangui Bay Wind Power Project Phase 3 (18.9 MW) of Nothwind Power Development Corp.;
Burgos Wind Project Phase 1 and 2 (87 MW and 63) of Energy Development Corp.; and
Caparispisan Wind Power Project (81 MW) of North Luzon Renewable Energy Corp.
Energy Secretary Carlos Jericho L. Petilla said the COE is a step towards the department’s target of making the Philippines a hub for sustainable energy development.
In line with this goal, the DOE has been speeding up such issuances since last year, primarily by cutting red tape. The application for renewable energy application is now down from 100 days to nearly 45 days.
Petilla said this trend reflects the behavior of the energy sector as well as the entrance of new technologies that simplifies the construction of renewable energy facilities.
SOURCE: Eco-business, January 22nd 2015: http://www.eco-business.com/news/14-more-renewable-energy-projects-endor...