Energy Development Corp. lauded the Energy Department for intensifying the development of geothermal energy to attain the targeted 35-percent renewable energy mix.
“We highly welcome the DOE’s recent directives to explore and maximize geothermal energy sources in the country, and especially to reclaim our rightful place in the global energy sector as one of the top producers of geothermal energy,” said Marvin Bailon, EDC head of business development, trading and marketing in a statement.
Energy Secretary Alfonso Cusi is pushing for geothermal power development to help attain energy security and boost Republic Act 9513, or the Renewable Energy Act of 2008.
Cusi said the department was preparing a formal directive that would contain initiatives and guidelines on how to promote geothermal energy development and increase its utilization.
“I would like to issue an order to really look deeply and comprehensively into how we can develop geothermal. I have been really thinking about it, assessing how we are addressing RE,” Cusi said.
