In the second one round, solar developers in an effort to be completing and producing strength from their projects earlier than the March 15 deadline or till the 500-MW installation target is breached may be eligible to acquire the brand new P8.69 per kilowatt-hour FIT price, amongst different incentives.
Including the sun projects inside the first spherical of FIT for solar, a total 525.95 MW in capacity have been given COE-FIT by the DOE, exceeding the FIT allocation of 500 MW set by means of government.
TRANS-ASIA Renewable Energy Corporation (Tarec), an entirely owned renewable energy arm of Phinma Energy Corporation, plans to make bigger the capacity of its wind farm on Guimaras Island with the aid of 40 megawatts (MW), a agency professional stated on Friday.