Feed-in tariff to benefit new Philippine wind farms

FIT for wind companies is a fixed kilowatt hour rate of US$0.21.

Three new Philippine wind projects that will generate 208 megawatts of power for more than 40,000 households will be the first to benefit from the feed-in tariff scheme implemented in July 2012, said Mario Marasigan, renewable energy bureau chief of the Department of Energy.

The wind farms will become operational in early 2015. Unfer the new FIT, wind companies are allotted a fixed kilowatt hour rate of $0.21. The incentive scheme is also part of a renewable energy las passed in 2008 in which the Philippines set a goal of having half og its energy demands met by renewables by 2030. Tody, some 40% of the Philippines’ energy demands are met by renewable energy.

The largest of the new wind farms is the 87 MW Burgos Wind Farm in the province of Ilocos Norte. The facility will cost US$300 million and is expected to generate 233 gigawatt hours of electricity.

Alternergy Wind One Corporation will develop another 67.5 MW wind farm and Trans-Asia Oil and Energy Development Corporation will build a 54 MW wind farm.

The Philippines has significant potential for wind energy that could deliver some 76 GW of clean power.