Recently, the Philippines’ Department of Energy (DoE) published a list of all the operational renewable energy projects, eligible for renewable portfolio standards (RPS). This mandates electricity providers of the Philippines to provide the agreed capacity of energy supply from its renewable energy projects.
The list comprises 6 geothermal power plants of 218.5 MW, 7 wind farms projects of 409.9 MW, 36 hydropower of 412.8 MW, 36 biomass projects of 264.8 MW, and 62 solar projects of 1,312.9 MW.
The solar power projects range from 0.21 to 100.6 MW capacities. Approximately 8.5 GW of renewable energy projects took part in the process of selection.
Under the RPS scheme, the minimum level of contracted electricity from renewable energy developers as of now is 1%. But now the government is planning to raise it to 2.52% in 2023.
As per a recent report, the Philippines had 1.04 GW of installed PV capacity at the end of 2020 under the renewable energy law of the country. In June 2021, the country launched a 2 GW of renewables and it plans to have a renewable energy capacity of 15 GW by 2030.
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