FOREIGN companies can now fully own and operate biomass power plants in the Philippines under a recently signed policy from the Department of Energy (DoE).

The DoE’s newly-released omnibus guidelines for the award and administration of renewable energy (RE) contracts is intended for fast-tracking the development of RE sources such as solar, wind, hydro, biomass, geothermal and ocean energy, including hybrid systems. It also eliminates hindrances in harnessing RE sources such as application and permitting processes.

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