The Energy Regulatory Commission (ERC) has granted a feed – in – tariff (FIT) rate of P8.69 per kilowatt – hour (kWh) to 16 solar projects that were endorsed by the Department of Energy (DOE) in the second cycle of the FIT scheme.
“Pursuant to the ERC rules, the power plants issued COEs [certificate of endorsements] by the DOE were correspondingly issued their FIT-COCs,” ERC spokesman Rexie Digal said in a report.
Digal said that ERC has issued the CoCs from December 5 to December 8, 2016.
The following projects were endorsed by the Energy department to the ERC, as reported by The Business Mirror.
- 23-megawatt (MW) San Carlos solar-power project of San Carlos Solar Energy Inc.;
- 23-MW Centrala solar project of NV Vogt Philippines Solar Energy One Inc.;
- 14-MW Pampanga solar project II of Raslag Corp.;
- 66-MW Burgos solar project II of Energy Development Corp.;
- 07-MW Tarlac solar project of PetroSolar Corp.;
- 15-MW Hermosa solar- power project of YH Green Energy Inc.;
- 26-MW Cabanatuan solar project of First Cabanatuan Renewable Ventures Inc.;
- 3-MW Calatagan solar project of Solar Philippines Calatagan Corp.;
- 20-MW Currimao solar project of Mirae Asia Energy Corp.;
- 5-MW Valenzuela solar project of Valenzuela Solar Energy;
- 04-MW Lian solar project of Absolut Distrillers Inc.;
- 18-MW Bais solar project of Monte Solar Energy Inc.;
- 33-MW Clark solar project of Enfinity Philippines Renewable Resources Inc.;
- 49-MW Kibawe solar project of Asian Greenergy Corp.;
- 02-MW Palauig solar project of SPARC Solar Powered Agri-Rural Communities Corp.;
- 15-MW Bulacan III solar project of Bulacan Solar Energy Corp.; and
- 5-MW Cadiz solar project of Helios Solar Energy Corp.
However, NV volt was not given FIT- COCs “because it’s still being inspected and processed.”
The FIT rate is an incentive given to the renewable energy producers for 20 years through guaranteed power rates. This ensures the viability of RE projects, including wind, run – of – river hydro, solar, geothermal and biomass.