12 new solar projects up for FIT incentives

by Myrna Velasco – June 20, 2016

from Manila Bulletin

At least 12 newly completed solar projects, comprising the second wave in the solar development race, have been formally endorsed by the Department of Energy (DOE) for availment of the feed-in-tariff (FIT) incentives.

The total capacity granted with FIT subsidy hovers at 525.95 megawatts – both for those with FIT rates of P9.68 per kilowatt hour (kWh) in the first round; and P8.69 per kWh in the second batch of contracting.

Altogether, 24 projects have been qualified for FIT incentives, but the first 12, except for two,  already secured their respective FIT certificates of compliance (FIT-COCs) with the Energy Regulatory Commission.

According to the long-awaited DOE list, the 12 new projects endorsed for FIT-COCs have total capacity of 344.71 megawatts. The first one is 41.3MW Majestics Energy Corporation at the Cavite Economic Zones 1 and 2 that was still prescribed a FIT of P9.68 per kWh.

The others with FIT of P8.69 per kWh are the: 6.23-megawatt NV Vogt Philippines Solar Energy in Surallah, South Cotabato; 63.30MW Solar Philippines Calatagan Corporation in Batangas; 132.50MW Helios Solar Energy Corporation in Cadiz City, Negros Occidental; 20MW Mirae Asia Energy Corporation in Ilocos Norte; 10.49MW Asian Greenenergy Corporation in Kibawe, Bukidnon; 2.04MW Absolut Distillers Inc. project in Lian, Batangas; 15.0MW Bulacan Solar Energy Corporation; 8.50MW Valenzuela Solar Energy Inc.; 18.0MW Monte Solar Energy, Inc. in Bais City, Negros Oriental; 22.33MW Enfinity Philippines Renewable Resources, Inc. in Clark freeport zone in Pampanga; and the 5.02MW Solar Powered Agri-Rural Communities Corporation in Zambales.

The solar farm installations that already secured FIT-COC approvals are also comprise of 12 projects for a total capacity of 181.24MW.

The first six projects bequeathed with FIT of P9.68 per kWh have been the: 13MW San Carlos Solar Energy, Inc (SaCaSol). – Phase 1A in Negros Occidental; 9.0MW SaCasol Phase 2; 10MW Raslag Corporation in Mexico, Pampanga; 4.1MW Energy Development Corporation (EDC) Solar Power Plant in Burgos, Ilocos Norte; 30MW Phil Solar Farm-Leyte Solar Power Plant Project in Ormoc City; and the 1.5MW Solar Philippines Commercial Rooftop Projects, Inc. at the SM North Edsa in Quezon City.

The other six with FIT-COCs at P8.69 per kWh subsidy are the: 23MW San Carlos Solar Energy Inc. – Phases 1C and 1D; 13.14MW Raslag Corporation project-Phase 2; 2.66MW EDC Burgos 2 in Ilocos Norte; 14.51MW YH Green Energy Inc. project in Hermosa, Bataan; 50.07MW Petrosolar Corporation project in Tarlac City; and the 10.26MW First Cabanatuan Renewable Ventures, Inc. project in Nueva Ecija.

The completion deadline for the second wave solar FIT race had been March 15 this year. And as it was shown in the DOE roll that all qualifiers adhered to the prescribed project completion timeframe.

For the initial round, the FIT was set at a smaller 50MW cap of installation; while the second one was a heftier addition of 450MW.

Nevertheless, due to the “indivisibility rule,” there had been “spillover tendency” in the total capacity that shall be incentivized with FIT because the project capacities are not designed for disintegration.

 

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