Wind Energy
Renewable Energy (RE) has a net benefit to electricity consumers. As of the end of 2015, there are already 393 megawatt wind farms and 144 megawatt solar power plants operating in the country. Based on the Energy Regulatory Commission’s approved Feed- in Tariff (FIT), rates for solar (P9.68/kWh) and wind (P8.53/kWh) have already gone down by 10% and 13% respectively. The few run-of-river hydro projects have come in due to permitting problems. Similarly biomass is beset with feedstock risks. The RE projects, usually located in the countryside, will bring financial benefits to its host communities, mitigate carbon emissions and create jobs.
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