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Staff Reporter

, Philippines

Published:

11 years ago

Nearly 320MW of generation capacity to be added to Philippine grid

Thanks to better FIT guidelines.

According to reports, the recent go signal given to the Feed-In-Tariff (FIT) Disbursement and Collection Guidelines paved the way for heftier investments in renewable energy plants that are powered by solar, biomass, wind, and run-of-river hydro.

As of the moment, roughly 320 mega watts of the necessary generation capacity will be added to the grid under the Department of Energy's first-come, first-served FIT policy.

As a result, direct investments flow has jumped to $800m which in turn made around 3,500 construction jobs open to locals.

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