Staff Reporter
,
Philippines
Thanks to better FIT guidelines.
According to reports, the recent go signal given to the Feed-In-Tariff (FIT) Disbursement and Collection Guidelines paved the way for heftier investments in renewable energy plants that are powered by solar, biomass, wind, and run-of-river hydro.
As of the moment, roughly 320 mega watts of the necessary generation capacity will be added to the grid under the Department of Energy's first-come, first-served FIT policy.
As a result, direct investments flow has jumped to $800m which in turn made around 3,500 construction jobs open to locals.
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