'Too lengthy' approval time plagues Philippines' power project scene

摘要

If there is something the Philippines should be lauded loudly for, it has to be its growth in renewabtes projects. Among the ASEAN countries, it is now second to Thailand in non-hydro renewables growth. Wind, solar, biomass and run-of-the river hydro plants are alt supported by FiTs. FiT for Solar, in particular, at US$180/MWh for 20 years is very attractive. High electricity spot prices support renewable growth and renewable energy get a priority for grid connection and purchase. With a very aggressive COP21 INDC targets of GH6 (CO2e) emissions reduction of about 70% by 2030 from business as usual, opportunities for renewables growth with government support can substantially increase in future. Hence, renewables in the Philippines will likely become a healthy investment opportunity.