Investments totaling P87 billion were logged by the Department of Energy (DoE) from the 205 contracts already awarded for prospective developments of various renewable energy resources, but hurdles to implementation have yet to be addressed.
The updated figure has been presented by energy officials in a hearing called for by the House committee on energy this week.
In documents furnished to Congress, the energy department indicated that of the total contracts awarded, 33 are existing; 163 are classified as pre-development contracts; and nine contracts already reached development stage.
Despite the influx of prospective investments, the DoE acknowledged that renewable energy is still considered an expensive option especially in a country which have budget-conscious consumer base.
The answer to cost concerns as packaged by policymakers and regulators then would be to push for a 20-year levelized subsidy scheme via the proposed feed-in-tariff. And to stimulate expanded investments in RE, there are also provisions in instituting renewable portfolio standards.
Nevertheless, it was stipulated that “the government should also not allow unrestrained expansion of renewable energy investments because the sector is subsidized” and also to avoid depletion of specific resources.
The chunk of proposed RE projects are a mix of the traditional technologies, like hydro and geothermal; while emerging technologies have more on wind and biomass. The energy department though noted an increasing interest in ocean thermal energy resource development.
On the filing for FIT, the National Renewable Energy Board (NREB) recently asked for 60-day extension or until around October this year to lodge an application for levelized feed-in-tariff. Most RE developers are waiting for the approval of the FIT Allowance (FIT All), a universal charge-like added component in the electric bills before taking their respective project blueprints from the drawing board and into implementation phase.
According to the energy department, the corresponding FITs for wind and solar projects are still high, hence, the need to come up with a formula to soften the final number so it will not eventually come out punishing to consumers. –MYRNA M. VELASCO, Manila Bulletin
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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