Stakeholders back DOE on RE deals review 

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.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Energy Projects Developers Power Solar Service Years Renewable Contract Move Contracts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 16:13:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1485 words

Reading Time: 9 minutes read

Sentences: 50 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23383791

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 73 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 18 hours ago

Coverage Areas: Philippines

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