Vicente S. Pérez, Jr., chairman of the power company, said in a press release that the increase in renewables usage “will usher in new investments as this ensures a guaranteed market for the RE developers.”
RPS, a policy mechanism under Republic Act No. 9513 or the Renewable Energy Act of 2008, requires electricity distribution utilities to source or produce a specified fraction of their power supply from eligible renewable energy resources.Alternergy estimates the mandated increase may result in an added 1,500 megawatts of solar capacity, 1,000 MW of wind capacity, or 600 MW of run-of-river hydro capacity.
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