by Alena Mae S. Flores, 15 April 2015
from Manila Standard Today
Power producer Energy Development Corp. said its 150-megawatt wind project in Burgos, Ilocos Norte can now supply power at a fixed rate of P8.53 per kilowatt-hour, after securing a certificate of compliance from the government regulator.
EDC said the Energy Regulatory Commission issued COC No. 15-04-M-00005L to wholly-owned subsidiary EDC Burgos Wind Power Corp., allowing it to avail of the feed-in-tariff rate for wind projects.
The Burgos wind project is the largest wind farm in the Philippines, consisting of 50 units of the Vestas V90 wind turbine generators which have a rated capacity of 3 MW each. It could generate about 370 gigawatts every year and avoid an estimated 200,000 tons of carbon emissions.
The feed-in tariff rate, or the special rate given to renewable energy producers, is usually higher than the rates enjoyed by traditional power producers.
“The COC specifies that the project, having a total capacity of 150 MW, is entitled to the feed-in tariff rate of P8.53 [per kWh], subject to adjustments as may be approved by the ERC, from Nov. 11, 2014 to Nov. 10, 2034,” EDC said.
ERC earlier granted EDC a provisional authority to operate on Dec. 18, 2014, after obtaining the certificate of endorsement for feed-in-tariff eligibility from the Energy Department.
The COE for FiT eligibility was issued by the department after validating the project’s successful commissioning. All power generation firms are mandated to get a compliance certificate from the regulator.
“The transparent and predictable regulatory regime we have in the Philippines should encourage more players to pursue much needed renewable energy investments in the country.
Few people know that our country is built on an island-arc setting characterized by volcanism, and in such settings we will not have large reserves of oil, natural gas and coal. We badly need RE to help us become less reliant on volatile imports,” EDC president and chief operating officer Richard Tantoco said earlier.