Feed In Tariff Philippines 2018

Feed In Tariff Philippines 2018
Feed In Tariff Philippines 2018 Image link: https://en.wikipedia.org/wiki/Elon_Musk%27s_Tesla_Roadster
C O N T E N T S:

KEY TOPICS

  • January 2018: Pure Energy Holdings Corporation acquired 60% stakes in three solar parks in the Philippines, and have a combined capacity exceeding 13.8 MW, to diversify into the solar sector.(More...)
  • WHEREFORE, it is respectfully prayed that the Honorable Commission issue a resolution SETTING ASIDE its Decision dated 27 February 2018 for being and void on the ground of lack of jurisdiction, and under Rule 23, Section 3 of the Commission Rules of Practice and Procedures, to suspend and/or stop immediately the collection of the additional Feed -in- Tariff Allowance in the amount of Php 0.0733/kwh.(More...)
  • SunPower, which is based in San Jose, California, but does most of its manufacturing in the Philippines and Mexico, will be hit harder than most in the industry by the announced 30 percent tariff on imported solar modules, Chief Executive Tom Werner said in an interview.(More...)

POSSIBLY USEFUL

  • In the same year, the Philippine Solar Power Alliance also asked the Energy Department for another allocation expansion from 500-MW to a whopping 2,000-MW, projecting a much higher FIT rate at P0.13 per kWh added to the total FIT. (More...)
  • Date: 05-Apr-2017 Source: IRENA Homepage Energy The Philippines III Like many countries in South East Asia, the Philippines faces the challenge. in the Philippines 7 Figure 8: Electricity consumption by sector in the Philippines 8 Figure 9: Solar. in the Philippines 20 Figure 10: Wind energy resource in the Philippines 23 Figure 11: Timeline for.(More...)

RANKED SELECTED SOURCES

KEY TOPICS

January 2018: Pure Energy Holdings Corporation acquired 60% stakes in three solar parks in the Philippines, and have a combined capacity exceeding 13.8 MW, to diversify into the solar sector. [1] Home Industry Reports Energy & Power Philippine Solar Energy Market - Growth, Trends and Forecast (2018 - 2023). [1] ERC, which is already lacking in manpower, is in further trouble after the Philippine Congress recently slashed its 2018 budget down to 1000 pesos (US$20) in September, in line with President Rodrigo Duterte's instruction to abolish the regulatory body. [2] July 2017: Solar Philippines, a Manila-based company, announced its plans to surpass annual exports of PV modules to USD 197.08 million in value by 2018. [1]

WHEREFORE, it is respectfully prayed that the Honorable Commission issue a resolution SETTING ASIDE its Decision dated 27 February 2018 for being and void on the ground of lack of jurisdiction, and under Rule 23, Section 3 of the Commission Rules of Practice and Procedures, to suspend and/or stop immediately the collection of the additional Feed -in- Tariff Allowance in the amount of Php 0.0733/kwh. [3] Malaysia and the Philippines demand consultations with U.S. over solar tariffs WTO This argument I'd like to hear, as I'm under the impression that much of the manufacturing in these countries is via investing of Chinese manufacturers (Malaysia more than the Philippines), however, I am definitely not an expert on this one ( though I did ask an expert ). [4] With Japan's energy market having experienced various transformations in recent years, its PV market has been steadily expanding following the introduction of its renewable energy feed in tariff (FIT) program that began in the summer of 2012. [5] American-headquartered SunPower has long been a critic of the tariffs, as they affect its high-efficiency solar modules assembled in Mexico and the Philippines. [6] LANCASTER, PA / ACCESSWIRE / March 6, 2018 / Ocean Thermal Energy Corporation (OTCQB: CPWR) ("OTE" or the "Company"), a project developer for Ocean Thermal Energy Conversion (OTEC) renewable energy plants, announced today that it continues to attend meetings with Government Officials, Filipino business leaders, and the U.S. Department of State to discuss plans for the deployment of OTEC technology in the Philippines. [7] The product will beat most other storage systems in price and will be available in the market of the Philippines and Malaysia by the end of March 2018," Sonnen managing director and chief sales & marketing officer Philipp Schröder said. [8]

SunPower, which is based in San Jose, California, but does most of its manufacturing in the Philippines and Mexico, will be hit harder than most in the industry by the announced 30 percent tariff on imported solar modules, Chief Executive Tom Werner said in an interview. [9] Module demand is forecast to remain very strong in China for the entire first half of the year because projects need to be connected before June 30, 2018, to be eligible to receive the 2017 feed-in tariff. [10]

POSSIBLY USEFUL

In the same year, the Philippine Solar Power Alliance also asked the Energy Department for another allocation expansion from 500-MW to a whopping 2,000-MW, projecting a much higher FIT rate at P0.13 per kWh added to the total FIT. [11] While the current FIT policy is similar to those in other countries, FIT allocation in the Philippines has the simplest format that caters to a "Solar Race." [11] Aside from the Philippines, the FIT scheme has also shown slow, disastrous consequences in other countries. [11] The FITs framework is contained in the Philippine Renewable Energy (RE) Act of 2008, which after much delay and a well-documented opposition from various sectors, was finally enacted as constitutional in July 2012. [11] In the Philippines, participating developers of RE projects are assured fixed payments from each type of renewable energy source for 20 years. [11]

According to the Philippine Solar Power Alliance (PSPA), there were more than 1,045-MW worth of Solar Energy Service Contract (SESC) applications filed with the DOE, of which an indicative total of 1,012.21-MW or 97 percent have been granted in 2013 alone. [11]

"The feed in act has been rising as more renewables, wind and solar especially, were added yearly to the energy mix and electricity distributors are forced to buy them even when cheaper electricity from coal, natural gas, nuclear, and hydro are available," Oplas said. [11] The regulator last year granted a feed-in tariff rate of P8.69 per kilowatt-hour to 16 solar projects as endorsed by the Energy Department under the second round of installation target. [12] Cusi said in an Energy Investment Forum at the Makati Shangri-La on Thursday that prices now were much lower compared to the previously approved feed-in tariff (FIT) rate of about P10 per kilowatt-hour. [13] The Energy Regulatory Commission finally ruled on a long-standing petition of National Transmission Corp. to increase the current Feed-In Tariff Allowance (FIT-All) rate of ?0.2563/kWh--actually higher than those initially calculated at ?0.2481/kWh or applied for at ?0.22911/kWh. [12]

In 2018 alone, demand growth is expected to arrive at 86,809 GWh, a rather alarming rate in comparison with 55,417 GWh back in 2008. [11] SPTC could have begun supplying electricity at ?2.9999/kWh as early as January 26, 2018, and consumers would have already enjoyed savings on electricity costs. [12]

Date: 05-Apr-2017 Source: IRENA Homepage Energy The Philippines III Like many countries in South East Asia, the Philippines faces the challenge. in the Philippines 7 Figure 8: Electricity consumption by sector in the Philippines 8 Figure 9: Solar. in the Philippines 20 Figure 10: Wind energy resource in the Philippines 23 Figure 11: Timeline for. [14] Date: 16-Dec-2014 Source: IRENA Homepage : THE PHILIPPINES Figure 2: Suitability analysis for off-grid solar photovoltaic (PV) development in. [14] Date: 28-Sep-2014 Source: IRENA Homepage Manila, the Philippines, in collaboration with the Asian Development Bank and the Alliance for Rural Electrification. [14] Date: 10-Jul-2018 Source: IRENA Homepage in the Philippines, for instance, noted the importance of capacity building of the banking and the private. on the Philippines, International Renewable Energy Agency, Abu Dhabi. [14] Date: 16-Dec-2014 Source: IRENA Homepage BUSINESSCASE: THE PHILIPPINES BUSINESSCASE : THE PHILIPPINES 4 IRENA Through the Global Atlas, maps of 3-5 kilometre. of the Philippines (NREL, 1999) Philippines most favorable wind resource areas BUSINESSCASE: THE PHILIPPINES. [14]

The Philippines utilizes renewable energy sources including hydropower, geothermal and solar energy, wind power and biomass resources. [15] Bagasse, rice husks, and coconut husks are used to generate power. 36 The Philippines also uses Biogas from landfill as a biomass energy source. [15] Biomass energy refers to energy derived from plant and animal sources. 35 Biomass resources are abundant in the Philippines due to its large agricultural industry. [15] In designing the mechanism, Malaysia, the Philippines, Thailand and Vietnam set their FiTs based on the levelized cost of energy (LCOE) and additional premiums which provide some return on investment. [16] FiTs are a common feature in Malaysia, Indonesia, Thailand, the Philippines and Vietnam which are also countries with the highest significant growth of renewable energy installations in the region. [16] Each of the five ASEAN member states provide FiTs for different renewable energy technologies such as hydro, solar PV, wind, biomass, biogas (Indonesia, Malaysia and Thailand), geothermal (Indonesia and Malaysia) and waste energy (Indonesia, Philippines and Thailand). [16]

Date: 14-Apr-2017 Source: Global Atlas for Renewable Energy in the Philippines at 80 and 100m heights. [14] With more renewable energy (RE) sources in place, including solar energy, the Philippines has become less exposed to external risks and less dependent on foreign oil. [1] In 2013, renewable energy provided 26.44% of the total electricity in the Philippines and 19,903 gigawatt-hours (GWh) of electrical energy out of a total demand of 75,266 gigawatt-hours. 1 The Philippines is a net importer of fossil fuels. [15] Geothermal energy is derived from the heat found beneath the earth?s surface. 23 In nations with temperate climates, geothermal energy is used directly, to provide heating for homes. 24 In the Philippines, geothermal energy is used to generate electricity. [15] "This would accomplish the national goal of reaching the farthest ends of the Philippine archipelago in order to achieve inclusive growth, energy security and resiliency for the Filipino people," Pernia said. [17] Reliance on fossil fuels is detrimental to the energy security of the Philippines. 13 The Philippines is a net importer of fossil fuels. [15] Leviste added: "This suggests that the Philippines has much potential for developers able to make projects viable at such low prices, which presumably could set a benchmark for solar across the region. [2] Despite the problem, at least one solar firm has ploughed on with building projects without ERC-regulated utility PPA's, while other commentators have cited the unregulated and corporate solar PPA markets in the Philippines as thriving. [2] Reynaldo Casas, president, Confederation of Solar Developers of the Philippines, and president of nv vogt Philippines, told PV Tech that the ERC, despite not having a chairman, is still moving slowly at this time and noted that the other commissioners have been responsible in taking over and have shown competence. [2]

With recovery from the 2013 typhoon gathering pace, robust domestic economic growth, and a range of new projects being announced, the outlook of the Philippines power market is expected to remain positive over the forecast period. [1] Most of electricity generated in the Philippines can be attributed to coal-fired and oil-based power plants. [1] The feed-in-tariff allowance (FIT-ALL) in electricity bills is proving to be an additional burden for Filipino consumers already overburdened by high prices, weakening peso and the impact of the Tax Reform for Acceleration and Inclusion Act, consumer advocacy group CitizenWatch Philippines said. [18] Solar energy provides an immediate solution to the country's growing energy needs. With steadily falling costs of solar power equipment and the short duration of time needed to install and commission solar power projects, solar photovoltaic systems are increasingly becoming popular among consumers and industries across the Philippines. [1] The commissioning of the largest solar power project (Cadiz Solar Power Plant) of Southeast Asia in Philippines, in March 2016, is a clear indication of the fact that the solar power market is rapidly emerging in the country and is among the top countries in the regional market. [1] The Philippines is positioned well for producing solar energy and has considerable potential to take advantage of the investments and jobs that can be created by future solar power installations, and look forward to cheaper and cleaner power that is not affected by geopolitics. [1] These initiatives are likely to further drive the growth of the Philippine solar energy market. [1] This provides immense opportunities for growth in the solar energy market in Philippines. [1]

All wind power sites in the Philippines are on-shore facilities. [15] The government of the Philippines has legislated a number of policies in order to increase the use of renewable energy by the country. [15] The government in the Philippines aims to increase the solar PV installations, to reach 3 GW of utility solar in 2022. [1] The Philippines The second-largest increase in installed solar PV capacity has occurred in the Philippines,. [14]

Under the Philippine Development Plan (PDP), rural electrification remains among the priorities of the government through accelerating strategic infrastructure development. [17]

If the contracts are still not approved by the commission date then Solar Philippines will sell the power on the Wholesale Electricity Spot Market (WESM) while awaiting bilateral contract approval. [2] Local PV manufacturer, developer and storage firm Solar Philippines for example announced publicly that it would go ahead with construction of two projects for which it has signed PPA's with major utility Manila Electric Company (Meralco), but which have not yet been approved by ERC. [2] Leandro Leviste, founder and CEO of Solar Philippines, told PV Tech that the firm's decision is in the interest of delivering solar to consumers on schedule notwithstanding bureaucratic delays. [2] March 2017: Solar Philippines started the production of its first domestically-owned solar panel factory in the Philippines. [1]

According to the National Renewable Energy Laboratory, the Philippines' average solar radiation ranges from 128-203 W per square meter. [1]

The Act set out a policy framework for net-metering, in an aim to incentivize small-scale renewable energy generation (up to 100 kW), and introduced the feed-in tariff (FIT) scheme in 2012 for wind, solar, biomass and hydro. [1] Franck Constant, president of renewables and storage investment platform Constant Energy, also noted that due to mixed expectations between the regulator and the IPPs the government is unlikely to launch any new feed-in tariffs ( FiT ) in the next six months. [2] President Trump?s tariffs and other government policies will have only a very limited near-term impact on global growth of wind and solar power, though both sources combined will continue to account for only a fraction of world electricity generated for years to come. [19] With the U.S. and China apparently engaged in a global tit for tat on trade, future tariff actions could certainly alter those solar and wind economics further in coming months. [19] Leviste said this was possible because the PPA rates were already so low - at US$0.058/kWh the lowest solar tariff in the country to date - as to be almost level with average spot market prices. [2] Such a price decline would more than wipe out the protection for U.S. producers from Trump Administration tariffs on imported panels made from crystalline silicate. [19] Falling global solar panels would also offset the projected 2 percent boost in capital costs for U.S. utility scale solar projects from Trump tariffs on steel. [19] That reality is why First Solar (FSLR) shares are again under pressure, after rallying for most of last year on the strength of being exempt from Trump tariffs on imported solar panels. [19]

The low potential for investment returns is further exacerbated by off-takers? lack of paying capacity, pricing and the indeterminate formula for tariff determination. [14]

Under this act (section 7), a feed-In tariff system was implemented for electricity produced from renewable sources, giving producers the security of long term fixed prices. 42 Electricity utilities make net-metering agreements with qualified end-users of renewable energy systems. [15] Similarly striking is the fact that these are the first projects to be built since the end of the feed-in tariff (FiT). [2]

Although new projects had been announced for 2018, PUGNATORIUS Ltd. does not expect that a solar tender procedure will start within 2018. [20] In a 2018 joint report by the ASEAN Centre for Energy (ACE) and the China Renewable Energy Engineering Institute (CREEI), FiTs were identified as one of the key policy drivers which had helped significantly boost renewable energy development in the aforementioned five ASEAN member states. [16]

January 2018: Announcement of public tender for solar farms of totaling 269 MW, based on semi-firm power purchase agreements. [20] New PDP: A new national Power Development Plan (PDP) will be introduced in the fourth quarter of 2018 to replace the 2014 version. [20]

BNEF expects China?s move to greatly add to a global glut of solar panels that could drive prices down as much as 35 percent by the end of 2018. [19]

Under this scheme, the C&I consumer produces its own electricity away from its physical premises feeds the electricity into the grid and draws the same amount at another access point near its premises out of the grid. [20]

With this in mind, the electricity minister, Mohammed Shaker, made clear that consumers will face a further rise in tariffs in July as part of the government's commitment to phasing out energy subsidies. [21] The idea behind this "feed-in tariff" is to shorten the payback period of the investment and entice more residents and companies to make such purchases, increasing the share of clean energy in the city?s primarily fossil fuel-based power generation. [22] A real options valuation of Chinese wind energy technologies for power generation: Do benefits from the feed-in tariffs outweigh costs? Journal of Cleaner Production, 112 (2), 1591-1599. https://doi.org/10.1016/j.jclepro.2015.04.083. [23] The electricity ministry has increased tariffs in July, at the start of each fiscal year, since 2014, but the impact of these increases on public finances has been diminished by the effects of the 2016 currency flotation, which has pushed up costs in Egyptian pound terms, as fuel prices are dollar-based. [21] Electricity tariff reforms on the other hand could complement deployment policies by putting upward pressure on retail electricity prices making solar PV technologies more attractive and requiring less subsidies. [24]

The tariff set in FiT (1) was a relatively generous 14.34 U.S. cents per kWh, but many of the investors that had initially expressed interest were put off by conditions that were attached, in particular the exclusion of any recourse to international arbitration. [21] In the second FiT phase, which ran until end-October 2017, the tariff was lowered to 8.4 U.S. cents per kWh, but the terms allowed for international arbitration. [21]

The current feed-in tariff rate is proposed to be set at HK$3 (US$0.38) to HK$5 per kilowatt-hour (kWh) of electricity, depending on the capacity of the facility installed, with the bureau estimating a payback period of less than 10 years. [22] The HK$3 to HK$5 feed-in tariff rate would be one of the highest in Asia and largely welcomed by green groups, although its high cost also reflected the challenges of installing such systems in densely built Hong Kong. [22]

Greencoat lands highly sought after Canadian Solar UK portfolio It comprises 24 sites spread across the UK. Seven are accredited under the feed-in tariff scheme while the remaining are eligible for ROCs varying between 1.4 and 1.2. [4] Feed-in tariff (FiT) schemes have been helpful to the solar PV growth in Southeast Asia. [25] Feed-in tariff and self-consumption schemes (net metering and net billing) are the main policy frameworks adopted globally to promote deployment of residential solar PV systems and these could be designed to provide the same level of incentives to residential households given the same technical and financial requirements. [24] " Feed-in tariff vs incentivized self-consumption: Options for residential solar PV policy in Brunei Darussalam," Renewable Energy, Elsevier, vol. 122(C), pages 362-374. [24]

Even though the Philippines is going through some policy changes, the government is still supporting solar and the renewable energy sector. [25] Investors are also heading over to the Philippines, which, since the launch of the FiT program a few years ago, had no solar industry. [25] This year, the Philippines has been ranked at number No. 1 among the developing countries in Asia in terms of the use of solar PV systems for electricity generation, according to a Dutch consultancy firm. [25] " Impact of energy efficiency policy to productive efficiency of electricity distribution industry in the Philippines," Energy Economics, Elsevier, vol. 24(1), pages 41-54, January. [24] Department of Energy (DOE). (2017). 2016 Philippine power statistics. https://www.doe.gov.ph/sites/default/files/pdf/energy_statistics/bgross_power_generation_by_plant_2016.pdf. [23]

Applying the case of the Philippines, this further identifies scenarios where investment in renewables becomes better alternative to coal for electricity generation. [23] This paper aims to analyze the comparative attractiveness of either investing in various renewable energy sources or continue using coal for electricity generation in the Philippines. [23] The main objective is to analyze the comparative attractiveness of either continue using coal or switching to renewable energy sources for electricity generation using the case of the Philippines. [23] In the Philippines, renewable energy accounts to 24% of the total electricity generation in 2016 (Department of Energy (DOE) 2017 ). [23]

In the Philippines, the company has around 300 MW of solar energy, either operating or under construction, and the number is expected to reach 400 MW by the end of this year. [26] Solar Philippines Power Project Holdings, Inc. is expected to seal a deal for its first solar energy project in India within the year. [26] According to Businessworld, Leandro L. Leviste, president of Solar Philippines informed that Solar Philippines is targeting to seal its first Indian solar project of 500 megawatts (MW) of PPAs (power purchase agreements) within the next 12 months. [26]

Solarplaza also noted that last year in March, the local firm Solar Philippines started erecting a 150-MW solar plant in Tarlac, making it the largest solar power project so far for the country. [25]

To describe several investment environments in the Philippines, this study analyses the sensitivity of optimal investment decisions with respect to uncertainty in coal prices and discount rates. [23] "The FiT program drove solar PV development in the Philippines into high gear," Ho noted. [25] For Solar Philippines, the target capacity in India is dependent on the number of contracts it signs in the Philippines as the balance of what has not been taken up of its solar panels will be filled by the foreign market. [26]

A monthly output of 11.5GWp of solar wafers means an estimated output 138.0GWp in 2018, exceeding forecast total PV installation capacity of 100GWp to be added around the world in the year. [4] The British Octopus Investments and Germany-headquartered Enerparc AG remain at the top of the list for the second consecutive year, each exceeding an outstanding capacity of 1 GW. Although Enerparc is currently outranked by Octopus by merely 30 MW, the company is poised to have 250 MW of PV capacity operational by October 2018. [27]

Sunpin is currently building a 96 MW solar project in Southern California, which is expected to be in commercial operation by May 2018. [28] In February 2018, the British solar investor acquired a collection of plants across the UK with a combined capacity of 26 megawatts. [27] To better navigate the dynamic landscape of European PV ownership and in the run-up to Solar Asset Management Europe 2018, we have compiled a list of top 70 European solar portfolios. [27]

We expect an average of 14 GW of solar PV to be added per year from 2018 until 2022, with 67% being installed in just six key markets. [29]

Without feed-in tariffs, it would take about 30 years for the buyer to recoup the initial investment. [22] Solar energy projects are offered the highest feed-in tariff (FiT) subsidies," said Ho. [25] This could be done, as it is in some countries, by allowing users to round up their power bill amounts to the nearest dollar and "donate" additional cents to the feed-in tariff pool, he added. [22] Risk-based assessment of the cost-efficiency and the effectivity of renewable energy support schemes: Certificate markets versus feed-in tariffs. [23] For the implementation of the proposed 5-year deployment program, a feed-in tariff policy framework would require a much higher level of subsidy and would result in higher financial burden to consumers compared with net metering and net billing schemes. [24]

As a reason stated for selecting Indian market at this point, he opined that the Indian government is imposing tariffs on Chinese and Malaysian solar panels and therefore is a good time to venture out in the Indian market. [26]

They may all be jointly taking advantage of a 2.5-GW tariff exclusion on imported cells, but 2.5 GW is a drop in the bucket compared to the expected 61.3-GW demand of installed U.S. solar over the next four years. [6] Technical assistance from U.S. energy experts led to private investment of more than $110 million in solar photovoltaic and biomass power plants in the Philippines. [30] After the 1973 oil crisis, the Marcos government began building the Bataan Nuclear Power Plant (BNPP) to provide enough energy for the country and limit Philippine dependence on oil. [31] Through the EC-LEDS program, the Philippines and U.S. government are working to better integrate low emission growth objectives into long-term planning, employ analytical tools to support decision-making, and track impacts of low emission programs in the energy and forestry sectors. [30] A report generated by the U.S. Department of Energy shows that the Philippines has the highest electricity rate in Southeast Asia, followed by Japan. [7] According to stats given by Natural Solar, Malaysia and the Philippines are currently the world's two fastest-growing renewable energy markets, enjoying growth rates of between 200% and 300% for the past two years. [8] German energy storage system and energy management services provider Sonnen has made its first play for home storage markets in the Philippines and Malaysia. [8] This Executive Order will make it easier to build energy infrastructure in the Philippines by streamlining bureaucracy and removing time-consuming hurdles to investments. [7] Jeremy Feakins, Chairman and CEO of Ocean Thermal Energy Corporation, states, "We are excited about this development of a very positive and supportive investment environment for renewable energy, especially Ocean Thermal Energy Conversion, in the Philippines. [7] In June 2017, the Government of the Philippines issued an executive order to reduce time and bureaucracy for permitting of renewable energy projects. [7] OTE's business model and technology provide an ideal fit for this approach and we continue our ongoing talks with the Government of the Philippines to establish ourselves as the leader for the implementation of renewable energy in this part of Asia." [7] Considering the keen government interest in our technology, the Philippines could become the world leader in renewable energy, and a shining example for the rest of the developing world. [7] Promotion and support of renewable energy in the Philippines, including OTEC, was intensified with the passing of the Renewable Energy Act of 2008, which made a feed-in-tariff and a renewable portfolio standard. [7] The company is now constructing two projects contracted with the Manila Electric Company (Meralco), including a 50 MW solar farm in Tanauan, Batangas that is at the lowest cost of any solar farm in the Philippines today. [32] Transmitting power and transporting fuel throughout the Philippine archipelago is problematic due to very high cost. [7] Businesses and consumers have long complained of the high cost of electricity in the Philippines. [31] Philippine Companies Start Feeling The Pinch From Rising Prices It?s not only consumers who are taking a hit from rising prices in the Philippines. [33] The EC-LEDS program worked with the Government of the Philippines to formalize institutional arrangements, build technical expertise, and implement sustainable GHG inventory management systems that support low emission growth. [30] Facilitating Emissions Data Inputs Across Government Agencies: The United States is working with the Philippines to develop institutional systems that support low emissions growth. [30]

MANILA While power companies await the Energy Regulatory Commission (ERC) approval of Power Supply Agreements (PSAs), Solar Philippines has proceeded with the construction of its solar farms, in line with the Department of Energy?s (DOE) push for merchant power plants to avert a power shortage next summer. [32] "We purchased equipment as early as 2016 to comply with our Meralco PSA. We will only sell to contestable customers if the PSA is still pending at ERC. The sooner the ERC approves this PSA, the sooner consumers can enjoy savings," said Solar Philippines president Leandro Leviste. [32]

For instance, in Australia, feed-in tariffs (FiTs) are dropping while electricity prices are rising in the sun-rich country, making home storage an attractive option for solar rooftop system owners. [8] "When we were going through the process of whether there would be tariffs, injected so much uncertainty in the market that it drove prices up anyway and made it difficult to secure panels, difficult to plan for the future," he said. [6] The U.S. company manufactures the majority of its panels in South Korea but was already expanding its U.S. lines (right now at 40 MW capacity ) before the tariffs were announced. [6] When two "American" module manufacturers first requested tariffs on imported solar panels last year, they cited the need to safeguard U.S. manufacturing jobs and increase competition with foreign suppliers. [6] There has always been special interest in Solaria's product as it's a premium U.S. module, but Sharma said there hasn't been any more significant or meaningful interest since the tariffs were put in place. [6] Until the 5-6GW of modules that were imported prior to the 201 ruling are consumed, no one will be able to accurately predict the impact of the tariffs on the U.S. market. [6]

Director of marketing Nathan Rosenstein said the company plans to increase its original 80-MW manufacturing lines to 280 MW, a direct result of the tariff and increased interest in its high-efficiency modules. [6]

Cypress Creek Renewables recently said it has canceled 1.5 GW of projects because the tariffs have made them uneconomical. [6] By restructuring its focus from large-scale project development to manufacturing, SunPower believes the tariff exemption will allow it to spend more money on R&D to produce a world-leading solar panel. [6]

Brian O'Hara, senior vice president of strategy and government affairs, said the uncertainty leading up to the tariff decision was a hard blow even in 2017. [6] The 545 goods targeted by China for tariffs, which include beef, seafood, dairy and other farm goods in addition to automobiles, were chosen to hit President Trump?s supporters in the agricultural and industrial parts of the Midwest. [34] Taxing American soy, Mr. Gong said, also means that China will pay more to buy beans from its biggest supplier, Brazil, where premiums per bushel have already risen in anticipation of the tariffs. [34]

Of course, just as the market over-supply starts to abate, China has already indicated that they are curbing their feed-in tariff limits later this year, in a move that will only exacerbate the industry capacity over-supply. [6] Consumer advocacy group Citizen Watch called on the government to explore ways to address the ballooning deficit of the feed-in tariff fund?s and review the feed-in tariff allowance to lessen the burden to consumers. [35]

Chinese manufacturer CSUN confirmed with Solar Power World that it is expanding its Sacramento plant from 400 MW to 600 MW and should start producing U.S. modules this summer (the original plan was to begin producing modules in January 2018 ). [6]

RANKED SELECTED SOURCES(35 source documents arranged by frequency of occurrence in the above report)

1. (15) Philippines Solar Energy Market | Growth, Trends and Forecast (2018 - 2023)

2. (13) Whats happening with U.S. solar after four months of panel tariffs

3. (10) Solar goes merchant in the Philippines amid lack of regulatory direction | PV Tech

4. (9) Renewable energy in the Philippines - Wikipedia

5. (9) Ocean Thermal Energy Corporation Explores Deployment of OTEC Renewable Energy and Water in the Philippines; Conducts Meetings with Filipino Leaders

6. (8) Feed-in tariff scheme in the Philippines: An Overview

7. (8) IRENA REsource

8. (8) Use coal or invest in renewables: a real options analysis of energy investments in the Philippines | SpringerLink

9. (7) January | 2018 | Eyekandi Solar

10. (6) Wind And Solar: The Adopters Win

11. (5) Success of Hong Kong?s renewable energy plan depends on "salesmanship? of power companies, experts say | South China Morning Post

12. (5) Feed-in tariff vs incentivized self-consumption: Options for residential solar PV policy in Brunei Darussalam

13. (5) Solar Philippines Plans Foray Into India - ElectronicsB2B

14. (4) ASEAN: FiT for the future | The ASEAN Post

15. (4) Seven opportunities in Thailand's Solar Energy | PUGNATORIUS Ltd.

16. (4) Benban puts Egypt on the solar power map

17. (4) Philippines Overview | EC-LEDS

18. (4) Sonnen strikes AU$90m deal with installer to enter Philippines and Malaysia markets | Energy Storage News

19. (3) Electricity prices are next to rise after FIT rate hike - Manila Standard

20. (3) Top 70 European Solar Portfolios (2018 update) -- Solar Asset Management: Europe

21. (3) Solar PH eyes completion of Tanauan farms | Interaksyon

22. (3) EGEB: 138GW of solar power in 2018?, California net zero residential after 2020, Trump Tariff attacked, more | Electrek

23. (2) NEDA bats for renewable energy | CCI FRANCE PHILIPPINES

24. (2) Why is electricity so expensive in the Philippines? | MindaNation

25. (2) China Strikes Back at Trump?s Tariffs, but Its Consumers Worry - The New York Times

26. (1) The Bigger Picture: U.S. Trade Tariffs And The Global PV Module Industry - Solar Industry

27. (1) Gov?t may retain FIT for hydro, biomass | Inquirer Business

28. (1) Group says power rate could have been lower | Inquirer News

29. (1) California solar power firm wins Massachusetts contract - Electric Light & Power

30. (1) Europe Solar PV Market Outlook 2018

31. (1) Full text of the LKI Motion for Reconsideration vs. the 2017 Feed in Tariff Allowance LabanKonsyumer

32. (1) Philippines Morning News For June 5

33. (1) Citizen Watch Philippines

34. (1) A new High-Voltage Inverter and Power Optimizer solution launching in JAPAN's PV Market BY OMRON AND SOLAREDGE | News Releases | Global News | OMRON Global

35. (1) SunPower puts U.S. expansion on hold over Trump tariff | Reuters

s2Member®
Skip to toolbar