Published July 8, 2021, 2:03 PM
The government is eyeing to corner P2.984 trillion worth of renewable energy (RE) investments in line with the country’s clean energy scenario (CES) pathway that it targets to concretize in a span of two decades.
In an Energy Investment Forum, Director Jesus T. Tamang of the Department of Energy-Energy Policy and Planning Bureau (DOE-EPPB), emphasized that such scale of capital to be funneled into the RE sector will become part of the P11.041 trillion aggregate energy investments previously penciled in by the agency.
He qualified that the anticipated capital flow will add 75,325 megawatts of power capacity in the country’s energy mix – and the lion’s share of 45,337MW will be coming from RE installations as cast under the updated Philippine Energy Plan.
Amid power capacity snags, DoE keen on pushing for energy transition
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Press Release - WIN SPONSORSHIP SPEECH | SBN 2220 / CRN 261 JCEC Enhancement Act
senate.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from senate.gov.ph Daily Mail and Mail on Sunday newspapers.
Published May 24, 2021, 12:47 PM
The Philippines is traversing its second wave of massive renewable energy (RE) developments; and providentially, local and foreign investors’ alike have their sights focused anew on this market.
Cover photo of the E-Book that shall guide Norwegian investors on investing in the energy sector of the Philippines that was prepared by Norconsult Mgt Services, Phils. Inc. for the Royal Norwegian Embassy in Manila.
The first investment rollouts in the 2014-2016 timeframe had been underpinned by the feed-in-tariff (FIT) perks, but as the country’s honeymoon with that incentive scheme had already been over, the next round of RE installations will have to lean mainly on other market sweeteners primarily the Renewable Portfolio Standards (RPS), net metering program, Green Energy Option Program (GEOP), as well as the envisioned trading of RE certificates via the Wholesale Electricity Spot Market (WESM).
BusinessWorld
May 17, 2021 | 9:04 am
Special Features Writer
The countryâs energy grid continues to shift away from traditional sources and further to renewable ones. This was highly noticed in the past months as concerns on individual health and environmental welfare heightened amid the coronavirus disease 2019 (COVID-19) pandemic.
Hearing the louder call to harness cleaner sources of energy, both public and private sectors have strengthened their commitments to energize the country through renewables.
On the governmentâs part, the Department of Energy (DoE), through Secretary Alfonso G. Cusi, reaffirmed its commitment last year to develop the countryâs renewable resources in fulfillment of the Renewable Energy Act of 2008.