Philippines Streamlines Renewable Energy Development Processes

Under the newly published regulations governing the award and administration of RE contracts, developers are now empowered to commence permit processing and conduct feasibility activities even before the official commencement of their 25-year contract terms. This marks a departure from previous norms where such activities were only allowed post-contract approval and signing by the Energy Secretary.

Moreover, the DOE has streamlined the process for duty-free importation incentives. Developers of certain projects can now obtain a Certificate of Registration (COR) upon signing the contract or upon proof of financial closing, providing them flexibility in availing duty-free importation incentives during the project development phase.

The updated guidelines also introduce opportunities for new investments within existing contract areas. Developers can apply for additional RE contracts and potentially benefit from extended contract terms and incentives for capacity-increasing investments.

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