DOE to explore marine-based renewable energy sources

The Department of Energy (DOE) is currently assessing various marine renewable energy technologies. 

In a report by Business World, DOE Renewable Energy Management Bureau director Marissa Cerezo said that the country will be harnessing ocean energy. 

Ocean Pixel Pte Ltd. director Michael Lonchivar Sim Abundo said that marine biomass and tidal energy to be part of the country’s transition towards renewable energy. 

The country would need to address the financial and regulatory barriers involving the RE technology, John Cotton, Southeast Asia Transition Partnership senior program manager said. 

DOE recently issued amendments to the implementing rules and regulations (IRR) of the Renewable Energy Act of 2008, allowing foreign entities to own 100% of renewable energy projects, especially wind and solar. 

The Energy Department is seeking potential partners to develop clean energy sources including hydrogen and ammonia fuel, Secretary Raphael P.M. Lotilla said.

The Philippines is looking to improve the renewable energy share in its portfolio to 35% by 2030, and 50% by 2040. 

Currently, 22% of power generation comes from renewable sources.