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Published May 24, 2021, 12:47 PM
The Philippines is traversing its second wave of massive renewable energy (RE) developments; and providentially, local and foreign investors’ alike have their sights focused anew on this market.
Cover photo of the E-Book that shall guide Norwegian investors on investing in the energy sector of the Philippines that was prepared by Norconsult Mgt Services, Phils. Inc. for the Royal Norwegian Embassy in Manila.
The first investment rollouts in the 2014-2016 timeframe had been underpinned by the feed-in-tariff (FIT) perks, but as the country’s honeymoon with that incentive scheme had already been over, the next round of RE installations will have to lean mainly on other market sweeteners primarily the Renewable Portfolio Standards (RPS), net metering program, Green Energy Option Program (GEOP), as well as the envisioned trading of RE certificates via the Wholesale Electricity Spot Market (WESM).