RE developers explore FIT inclusion of big hydro and geothermal plants (Manila Bulletin)
The jury is still out, but a recently-issued Circular of the Department of Energy (DOE) has been providing an opening for the renewable energy (RE) developers to ask for a concession that the conventional geothermal and big hydro developments be included under the feed-in-tariff (FIT) incentive scheme.
When asked on this matter, Energy Secretary officer-in-charge Zenaida Y. Monsada has assured that such proposal will be thoroughly studied before any decision on the policymaking front shall be firmed up.
“The body initiating discussions on FIT proposals is NREB (National Renewable Energy Board), so it started with them but we have to look at that,” she said.
The DOE Circular (DC2015-07-0014) sets a policy tone on the ‘wholistic implementation of the FIT system” so the country can maintain a 30-percent share of renewable energy on its power mix.
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