3 More Solar Projects Approved by ERC in 2 Provinces

Author: Darvin Tocmo  Date Posted:4 May 2015 

Three more solar plant projects have been approved by the Energy Regulatory Commission (ERC) to be built in Ilocos Norte and Rizal provinces with a combined capacity of 54.10 MW.

The commission has awarded service contracts to South Korea’s Mirae Asia Energy Corp. in Curimao, Ilocos Norte, Energy Development Corp. in Burgos, Ilocos Norte and ATN Philippines Solar Energy Group in Rodriguez, Rizal according to ERC data.

Mirae Asia proposed 20MW solar plant and is now under review by the National Grid Corporation of the Philippines (NGCP) and the project feasibility study has been completed.

The construction of the project is 25 percent completed according to the Department of Energy (DOE).

It is expected for the project to be commissioned this coming July 2015.

The 4.1MW Burgos solar plant by EDC is still under evaluation after it filed a declaration of commerciality on August 29 2014.

ATN Philippines’ 30MW solar project is now undergoing construction and negotiations or connection agreement. It is scheduled to be commissioned in next year of February 2016.

A solar feed-in tariff (FIT) of P8.69 per kilowatt has been approved by ERC for an additional capacity of 450MW, up from the original feed-in tariff rate of P9.68 per kWh.

Only solar projects that qualified for the first 50 MW and endorsed by the DOE would qualify for the original rate.

The new rate is based on total project cost, engineering, construction and procurement cost, net capacity factor, switchyard and transformers, transmission interconnection cost, equity internal rate of return, peso and dollar exchange rate, inflation and consumer price index according to ERC.

Based on the report of REN21 entitled “Renewables 2014 Global Status report”, ERC computed the total plant cost for solar at $1.958 million per megawatt, or within the capital costs of ground mounted solar plants.

The National Renewable Energy Board (NREB) – the implanting agency of the Renewable Energy Act of 2008 proposed earlier a feed-in tariff rate of less than P9.10 per kWh for the additional 450-MW solar installation.

Find more information at: http://www.manilatimes.net/erc-approves-3-more-solar-projects-in-2-provinces/180042/

Three more solar plant projects have been approved by the Energy Regulatory Commission (ERC) to be built in Ilocos Norte and Rizal provinces with a combined capacity of 54.10 MW. The commission has awarded service contracts to South Korea’s Mirae Asia Energy Corp. in Curimao, Ilocos Norte, Energy Development Corp. in Burgos, Ilocos Norte and ATN Philippines Solar Energy Group in Rodriguez, Rizal according to ERC data. Mirae Asia proposed 20MW solar plant and is now under review by the National Grid Corporation of the Philippines (NGCP) and the project feasibility study has been completed. The construction of the project is 25 percent completed according to the Department of Energy (DOE). It is expected for the project to be commissioned this coming July 2015. The 4.1MW Burgos solar plant by EDC is still under evaluation after it filed a declaration of commerciality on August 29 2014. ATN Philippines’ 30MW solar project is now undergoing construction and negotiations or connection agreement. It is scheduled to be commissioned in next year of February 2016. A solar feed-in tariff (FIT) of P8.69 per kilowatt has been approved by ERC for an additional capacity of 450MW, up from the original feed-in tariff rate of P9.68 per kWh. Only solar projects that qualified for the first 50 MW and endorsed by the DOE would qualify for the original rate. The new rate is based on total project cost, engineering, construction and procurement cost, net capacity factor, switchyard and transformers, transmission interconnection cost, equity internal rate of return, peso and dollar exchange rate, inflation and consumer price index according to ERC. Based on the report of REN21 entitled “Renewables 2014 Global Status report”, ERC computed the total plant cost for solar at $1.958 million per megawatt, or within the capital costs of ground mounted solar plants. The National Renewable Energy Board (NREB) – the implanting agency of the Renewable Energy Act of 2008 proposed earlier a feed-in tariff rate of less than P9.10 per kWh for the additional 450-MW solar installation. Find more information at: http://www.manilatimes.net/erc-approves-3-more-solar-projects-in-2-provinces/180042/