Here's the news report today in BWorld, Solar projectseligible for FiT named:
The 24 solar projects that were endorsed to receive the
guaranteed feed-in-tariff (FiT) rate for 20 years were developed by 20
companies, which in all have installed 525.95 megawatts (MW) or 25.95 MW more
than the department’s target of 500 MW....
Sought for comment, Ma. Theresa C. Capellan, founder of
the Philippine Solar Power Alliance (PSPA), said her group of 40 developers was
urging the government “to be transparent and forthright in disclosing the
parameters for FiT eligibility.”
“Are these the only companies eligible to the FiT 2?
Those companies not included deserve some explanation as they invested billions
of pesos in providing capacity to the national grid,” she said.
(DOE Sec.) Ms. Monsada previously said that the 500-MW installation
target was exceeded by around 300 MW. She said she would leave it to the next
administration as to how it would resolve the rate for those that failed to
make it to the DoE list.
The department originally set a target of 50 MW with a
guaranteed FiT rate of P9.68 per kWh, but the allocation was revised in April
30, 2014 to 500 MW, with the Energy Regulatory Commission lowering the rate on
March 15, 2015 to P8.69 per kWh, but only until March 15, 2016....
For other renewable energy technology, wind has also
exceeded the first installation target of 200 MW by 49.9 MW with an approved
FiT rate of P8.53 per kWh. The second 200 MW target with a FiT rate of P7.40
per kWh was not fully subscribed as only 144 MW was taken up by developers.
For hydroelectric power projects, only 26.6 MW of the
250-MW target was taken up by developers. Appetite for biomass was also low at
101.451 MW or less than half of the 250-MW allocation.
In all, of the DoE’s 1,400-MW allocation for FiT-eligible
renewable energy projects, a total of 1,047.9 MW was taken up by generation
companies.
------------The solar lobby headed by Ms. Capellan originally lobbied that the FIT-entitled solar allocation be raised from the current 500 MW to 2,000 MW, or another 1,500 MW of solar farms to be given guaranteed price for 20 years. This old question will trail the renewables lobby: If solar, wind, etc. are indeed getting cheaper, then there should be no need for more subsidies and guaranteed price for 20 years (similar to guaranteed dictatorship ala Marcos), so why do they insist over and over to have more and continuing subsidies?
They have capitalized on climate alarmism and hope that electricity consumers will embrace more expensive electricity to "save the planet" when in reality, many solar developers jump into the sector mainly to "save their pockets."
Not blaming solar developers in particular, but the climate alarmism and renewables cronyism that is institutionalized and legalized under RA 9513.
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See also:
Energy 51, More on solar power and supply instability, December 29, 2015
Energy 60, PH solar companies, PagIBIG loan for solar, March 12, 2016
Energy 62, Feed in tariff means more expensive electricity, April 09, 2016
Energy 66, What companies receive FIT and by how much?, May 21, 2016
Energy 67, Helios solar power in Cadiz City, Negros Occ., May 28, 2016
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