526MW of solar projects make it to FIT

A TOTAL of 526 megawatts (MW) of installed solar power capacity made it to the race for Feed-in-Tariff (FIT) incentives, according to data released Tuesday by the Department of Energy (DOE).  The approved capacity was just half of the total 1,047.9MW endorsed by DOE for FIT incentives. The list included projects of listed firms and prominent names in the renewable energy sector: Lopez-led firm Energy Development Corp. (EDC), PetroSolar Corp. (a joint venture of PetroGreen Energy Corp. or PGEC and EEI Power Corp.), Tan-led Absolut Distillers Inc., Zabaleta-led San Carlos Solar Energy Inc., and Ayala-Zabaleta joint venture Monte Solar Energy Inc., among others.  For a complete list of power producers eligible for FIT incentives, read more here.


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