360 MW of solar capacity vie for feed-in tariff rate

by Alena Mae S. Flores – February 12, 2016 at 11:30 pm

from Manila Standard

Around 360 megawatts of solar capacity comprising 13 projects are in the race for availing the feed-in tariff rate, according to an Energy Regulatory Commission report.

Latest ERC data showed the solar firms had set schedules with the agency for site inspection to comply with the mid-March deadline to avail of the second wave of solar installation targets.

The companies are RASLAG Phase 2 (13.14 MW), Helios Solar Energy Corp. (132.49 MW), San Carlos Sun Power Inc. (58.98 MW), Asian Greenergy Corp. (10.5 MW), EDC Burgos Solar Project Phase 2 (2.66 MW), Mirae Asia Energy Corp. (16.32 MW), PetroSolar Corp. (50 MW), ATN Philippines Solar Energy Group Inc. (30 MW), YH Green Energy (14.5 MW), Solar Powered Agri-Rural Communities Corp. (3.82 MW) and Negros Island Solar Power, Inc. (18 MW).

Three of the projects are located in Negros Occidental, namely Helious, Sacasun and islaSol.

RASLAG’s power plant is located in Pampanga, while Asian Greenergy’s facility is in Bukidnon. PetroSolar’s project is in Aklan while ATN’s plant is in Rizal.

YH Greenoffered put up its project in Bataan while SPARC is looking at Bulacan province.

The companies plan to avail of the P8.69 per kilowatt-hour feed in tariff rate under the second wave of approved installation targets equivalent to 450 MW of solar capacity.

The entry of 500 MW of solar power projects by March is an offshoot of the passage of the Renewable Energy Law of 2008, which put the Philippines in the world renewable energy map.

YH Green, which is developing its solar plant at the Leisure Estate, Hermosa Ecozone Industrial Park at Hermosa, Bataan, meanwhile, announced the completion of its project.

The 14.5-MW solar facility started delivering power to the Luzon grid at 9:55 a.m. on February 9.

Among the projects up for verification from the ERC, Helios Solar’s 132.5-MW solar power plant in Cadiz City, Negros Occidental is the biggest.

The first wave of approved solar installation targets covering 50 MW were able to avail of the P9.68 per kWh feed-in tariff rate for 20 years.