The use of solar power plants in the country took a significant step forward in 2014 with the operation of the 22-megawatt photovoltaic power plant in San Carlos City, Negros Occidental. Know more:
The use of solar power plants in the country took a significant step forward in 2014 with the operation of the 22-megawatt photovoltaic power plant in San Carlos City, Negros Occidental. SaCaSol in San Carlos Ecozone was the first and largest grid-connected solar power plant in the country then. Before, solar-powered energy systems were off-grid; a few installations were targeted towards remote communities.
The Feed-in-Tariff policy was designed to guarantee a fixed price to renewable energy investors for their generated power purchased by distribution utilities. The mandated duration was typically 20 years. With this policy, RE projects are somehow de-risked and assured of their financial viability for the period covered. The FiT price approved by the Energy Regulatory Commission during the first phase of the policy in 2012 was P9.68/kWh for the installation target of 50 megawatts.
Additional policy support for renewable energy has been initiated, including the Renewable Portfolio Standards that forces distribution utilities to source part of their electricity supply from renewable energy sources. The minimum RPS has been increased from 1 percent to 2.52 percent from 2023 onwards as indicated in the National Renewable Energy Plan 2020-2040.
According to the DOE Power Statistics, as of 2021, the share of renewable energy to total gross power generation stands at 22 percent. The government, in its NREP 2020-2040, has set a target of a minimum 35 percent share of Renewable Energy in the total power generation mix by 2030 and increasing it to at least 50 percent by 2040.
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