The government is planning to introduce a procurement regime this year which the Institute for Energy Economics and Financial Analysis says could drive the price of clean electricity as low as PHP3/kWh. It is thought projects which missed the feed-in tariff scheme deadline will be eligible to compete in the auctions.
Bacolod is expected to host its first large scale PV project within a year after domestic renewables firm Amatera signed a deal with Korean business TPC Construction Corp.
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