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DoE sets minimum RE share at 2.52% in 2023 for on-grid power suppliers - BusinessWorld Online

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The DoE said on Wednesday that on-grid power suppliers must expand the share of RE in their output to 2.52% by next year, from the current 1%, for them to remain compliant with the requirements of the renewable portfolio standards (RPS) program. READ:

In a statement, the DoE said the order applies to power distribution utilities and electric cooperatives, which under the law must raise their RE sourcing by 1 percentage point a year between 2020 and 2030.

Solar accounted for P130.44 billion of prospective investment, with installed capacity of around 1,386.506 MW; wind P52.91 billion and 409.900 MW; hydropower P38.73 billion and 269.29 MW; biomass P38.16 billion and 634.91 MW and geothermal P10.54 billion and 82.50 MW.

 

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