For years, many developers secured contracts for wind, solar, and hydro projects but failed to move them forward to construction. These inactive or “zombie” projects held on to land and grid capacity without delivering actual power. As a result, serious investors were often blocked from entering the market. By cancelling these dormant agreements, the DOE is now freeing up space for developers who have the financial strength and technical capability to complete projects.
The move is seen as important for the Philippines as it works toward increasing the share of renewable energy in its power mix to 35 percent by 2030 and 50 percent by 2040.
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