FIT

526 MW of solar projects qualify for FIT

A total of 526 MW of installed solar capacity has been granted feed-in-tariff (FIT) incentives, according to the data released last Tuesday by the Department of Energy (DOE). The approved capacity is just half of the 1047.9 MW endorsed by the DOE for FIT incentives.

“The DoE, through the Renewable Energy Management Bureau, has worked day and night to ensure that each eligible solar developer strictly followed the process and technical requirements,” Energy Secretary Zenaida Monsada said in a statement.