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The Department of Energy (DOE) on Sunday said it has started the termination process for the contracts of at least 105 renewable energy (RE) projects due to their proponents’ failure to meet the set timelines.
“The (Marcos) administration is committed to ensuring the efficient and timely execution of renewable energy projects by regularly assessing the progress of these projects and refining regulatory framework,” Energy Undersecretary Rowena Cristina Guevara said in a statement.
“If any contracts are deemed nonperforming, we will open them up to new developers who can effectively bring these projects into fruition. This strategy not only accelerates the development timeline but also strengthens investor confidence in the country’s renewable energy goals,” she added.
The DOE noted that out of the 105 projects, 88 faced delays in the predevelopment timeline, which means these were not making any headway.
These are broken down into 53 solar, 17 hydropower, 10 wind, five geothermal, and three biomass projects.
