Renewable energy (RE) developers are being prodded to face reality that the next round of projects will no longer be incentivized with feed-in-tariffs (FITs), hence, an alternative market for their capacities should already be explored and considered seriously. No less than former United States vice president and global warming activist Al Gore brought the message to Philippine shores that RE has already reached ‘grid parity’, thus, it is already high time for subsidies such as FIT to be phased out. While many Philippine industry players are still adamant to be in that phase or be stripped of a guaranteed revenue stream, there are others already seeing the light as to how the RE market could be shaped sustainably post-FIT era. For one, First Gen chairman Federico R. Lopez has intimated that if there is any country aware of reaching grid parity for RE, that will definitely be the Philippines. With [...]
