Philippines awards pioneer solar farm

Solar farmThe Philippine government has green lighted the country’s first major solar farm to Philippine Solar Farm-Leyte, which can begin construction on a 30-megawatt plant in Ormoc City, Leyte.

“Philippine Solar Leyte-Farm will enter the project with a South Korean partner,” Director of the Renewable Energy Management Bureau Mario Marasigan told Inside Investor on June 18.

“They can start anytime and they should be in commercial operation by January 2015,” he added.

The project is to cost about $67 million and occupy a 44-hectare area.

In the Philippines, instead of issuing licenses, the Department of Energy (DOE) awards certificates of commerciality to companies looking to develop renewable energy projects.

Under the policy, foreign companies, such as the South Korean investors in the Leyte solar project, are awarded through a “contract system, which is a form of a public-private partnership, whereby the government owns the resources; i.e., the water resources, the wind resources,” Marasigan explained to Inside Investor.

The DOE is promoting the development of renewable energy through a feed-in tariff incentive, which will avail Philippine Solar Farm of P9.68 ($0.22) per kilowatt-hour.

Besides Leyte, a second solar project is likely to be granted a certificate for construction in Luzon, but details could not be released at the time of interview. The Luzon project will also be a 30-megawatt solar farm.



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The Philippine government has green lighted the country’s first major solar farm to Philippine Solar Farm-Leyte, which can begin construction on a 30-megawatt plant in Ormoc City, Leyte. “Philippine Solar Leyte-Farm will enter the project with a South Korean partner,” Director of the Renewable Energy Management Bureau Mario Marasigan told Inside Investor on June 18. “They can start anytime and they should be in commercial operation by January 2015,” he added. The project is to cost about $67 million and occupy a 44-hectare area. In the Philippines, instead of issuing licenses, the Department of Energy (DOE) awards certificates of commerciality...

Solar farmThe Philippine government has green lighted the country’s first major solar farm to Philippine Solar Farm-Leyte, which can begin construction on a 30-megawatt plant in Ormoc City, Leyte.

“Philippine Solar Leyte-Farm will enter the project with a South Korean partner,” Director of the Renewable Energy Management Bureau Mario Marasigan told Inside Investor on June 18.

“They can start anytime and they should be in commercial operation by January 2015,” he added.

The project is to cost about $67 million and occupy a 44-hectare area.

In the Philippines, instead of issuing licenses, the Department of Energy (DOE) awards certificates of commerciality to companies looking to develop renewable energy projects.

Under the policy, foreign companies, such as the South Korean investors in the Leyte solar project, are awarded through a “contract system, which is a form of a public-private partnership, whereby the government owns the resources; i.e., the water resources, the wind resources,” Marasigan explained to Inside Investor.

The DOE is promoting the development of renewable energy through a feed-in tariff incentive, which will avail Philippine Solar Farm of P9.68 ($0.22) per kilowatt-hour.

Besides Leyte, a second solar project is likely to be granted a certificate for construction in Luzon, but details could not be released at the time of interview. The Luzon project will also be a 30-megawatt solar farm.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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