Filipinos may pay lesser price for electricity as the Department of Energy (DOE) reaffirmed its commitment in tapping more renewable sources of energy.
11 proposals for solar power plants qualified for the feed-in-tariff (FIT) program as of March 15, which will yield to a total capacity of 292.07 MW. Under the feed-in-tariff (FIT) system, qualified developers are offered a fixed rate per kilowatt-hour (kWh) of their exported electricity to the distribution or transmission network, not including the energy used to power their own plants.
Meanwhile, DOE Secretary Zenaida Monsada enticed private sector developers by saying that the government provides incentives under government’s energy program.
"The government prioritizes energy security, and RE (renewable energy) is one of the major contributors to increase the power supply especially that we are also moving towards clean energy technology," Monsada said in a statement.
Solar Power in Philippines
Southeast Asia’s largest solar project was commissioned in the Philippines earlier this month acknowledging Philippines as rapidly rising solar power market in Southeast Asia. According to local media reports, the project has been established with a total investment of $200 million.
The project is expected to generate around 188,500 MWh every year, offsetting almost 95,000 tonnes of carbon dioxide emissions every year. The project is owned by real estate developer Gregorio Araneta and developed by Singapore-based Soleq.
Meanwhile, Germany enrgy company Conergy also commissioned a 50 MW project in the country this month. The project is expected to generate over 78,000 MWh every year, which is enough to power 31,700 households.
The Philippines still widely depends on fossil fuels for energy. Filipinos pay the highest in Asia for electricity.