Geothermal accounts for roughly 11% of power in the Philippines
Cisolok Geyser, Philippines (source: tripholiday.net)
Alexander Richter
15 Tem 2015
MT: "The DOE wants to increase the Renewable Energy share in the fuel mix to 30 percent from the current 23 percent."
The Philippines is eager to develop their renewable energy (RE) potential, since it depends heavily on fossil fuels for energy generation that need to be imported, incurring in heavy costs.
In a recent post in the Manila Times it stated that “among RE resources, hydro power remains attractive to investors, topping the list with 3,543 megawatts (MW) of installed capacity or 19.75 percent of the energy mix. Geothermal comes second with 1,918 MW of installed capacity or 10.69 percent of the mix.”
In order to boost renewables, the government has several incentives put in place such as the Feed-in Tariff (FIT) system, prioritizing connections to the grid for RE and the purchase and transmission of and payment for such electricity by grid system operators.
The same source states that the Filipino DOE “is also preparing for the next round of FIT quota to encourage more companies to go into the development of RE projects.”
Source: Manila Times via RenewablesBiz
