PhilCarbon Inc., a renewable energy (RE) firm, is bullish of its portfolio of over 140MW in renewable energy and is developing more projects following the completion of the 25 megawatt Silay Solar project.
PhilCarbon developed the Silay solar project together with Citicore Power.
“Never in my 40-year involvement in promoting indigenous energy development did I ever dream that in 2016 , PhilCarbon would be a partner in a company that would be inaugurating a 25MW solar power plant in Silay,” PhilCarbon Chairman Rufino Bomasang said.
Bomasang, a former Secretary of Energy of then-President Corazon Aquino, said that in the 1970s and 1980s, “the Department of Energy (DOE) was only talking about solar home systems generating several watts and kilowatts and even after the turn of the century the largest Philippine solar power plant was a one megawatt plant in Cagayan De Oro.
“The inauguration of the 25 MW solar plant is therefore a milestone event, not only for Silay but for the entire Philippines in terms of enhancing national energy security.
“Just as importantly, it is a milestone event for the entire world in its march towards a carbon-free environment,” Bomasang said.
PhilCarbon is now focusing on other projects with Citicore Power, such as the 87MW La Carlota solar farm in Negros Occidental and the 12MW Himamaylan Biomass Project in Himamaylan, Negros Occidental.
PhilCarbon President Ruth Yu-Owen said the company is optimistic that the 25MW solar project will be able to qualify for the Feed-In Tariff (FIT) as it was completed ahead of the March 15, 2016 deadline set by the DOE.
“Renewable energy is the future of power generation. By investing in renewable energy, we are sowing the seeds for a cleaner and emission free future,” Yu-Owen said.
Nine solar rooftop projects approved by the LGU Guarantee Corp. as project guarantor are also in the pipeline.
Together with Upgrade Energy of Belgium, the PhilCarbon is developing the 1.814MW Home Depot Solar rooftop project in Laguna; the 1 MW Solaire solar power project; the 50 kW Micro Hydro Project in Zamboanga City; the 2.5MW Manicahan River Hydro power project in Zamboanga City; the 600kW Magat F RIS hydro power project in Isabela; and the 33 MW wind project in Bulalacao, Oriental Mindoro.
The DOE through the Renewable Energy Management Bureau (REMB) is ready to validate solar projects that will meet the March 15 deadline for the FIT system.
“We are committed to a transparent award of the Certificate of Endorsement (COE)-FIT Eligibility and are reminding all RE developers to observe the procedures under the existing guidelines,” Energy Secretary Zenaida Y. Monsada emphasized.