THE Philippines has more than 600 renewable energy projects for development in the pipeline, with potential capacity of over 12,000 megawatts (MW), data culled from the Department of Energy showed.
A solar power industry website estimates that one MW of solar power could light up about a hundred homes.
The DOE data, however, did not include when these projects would be completed or commissioned, neither which companies would be doing the projects.
The DOE documents showed that as of October 31, a total of 616 renewable energy projects have been approved and awarded by the agency.
Hydropower topped the list with 344; followed by solar with 105 projects; biomass, 65; wind, 52; geothermal, 43; and ocean energy, 7.
According to the DOE, the hydropower projects have a potential capacity of 7,390MW, which will be offered to the grid, while 1.5MW will be for the agency’s own use.
Solar projects have a potential capacity of 2,551.23MW; wind has 3,355MW; biomass, 254.87MW; geothermal, 750MW; and ocean energy, 26MW.
Aside from these, the DOE said there are still 272 renewable energy projects that are waiting to be awarded.
This means that these projects have yet to be approved by the DOE.
According to the DOE, the 272 pending renewable energy projects have a potential capacity of 5,031.72MW.
The pending projects are: hydropower, 191; solar, 61; wind, 11; biomass, 5; ocean energy 2; and geothermal 2.
These projects are racing for the Feed-in-Tariff (FIT) allocation, an incentive given by the government to spur the development of renewable energy.
The Energy Regulatory Commission (ERC) has FIT rate for the second round of wind power projects amounting to P7.40 per kilowatthour (kWh).
The first wave of FIT was pegged at P8.53 per kWh, covering the initial 200MW of wind capacity.
For solar projects, the second FIT rate covers 450MW.