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The Department of Energy has issued revised guidelines governing the application and awarding of renewable energy service contracts in the Philippines.In its Department Circular No. 2024-06-0018, issued on June 4, the DOE now allows RE developers to commence permit processing, conduct survey and other feasibility activities before the official 25-year contract terms begins.The new guidelines will take effect on June 25, 2024.
Under the revised guidelines, the DOE may recall the COA if the developer fails to demonstrate reasonable efforts in undertaking the required activities within these prescribed periods.Additionally, the Energy Department has streamlined the process for duty-free importation incentives.
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