Stakeholders back DOE on RE deals review

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The story "Stakeholders back DOE on RE deals review " was covered 2 weeks ago by Business Mirror, a news publisher based in Philippines.

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Stakeholders back DOE on RE deals review - Business Mirror

Quick Summary:

RENEWABLE energy (RE) firms said the Department of Energy (DOE) is on the right track in weeding out service contracts that are way behind the committed project timelines.

The COA is valid for five years for offshore wind projects, three years for biomass, geothermal, hydropower, ocean and onshore wind projects, two years for floating solar, and one year for land based solar projects.

The COA is a critical step in the development process, as it empowers developers to secure the necessary permits and conduct essential surveys and pre-feasibility activities even prior to the commencement of the official 25-year contract.