The Department of Energy challenged developers and financiers to design long-term financing mechanisms for high-capital-expenditure power projects.
It said this would support the continued growth of renewable energy, meet the government’s target of up to 50 percent renewable energy share in the generation mix by 2040 and ensure future energy security.
Energy Secretary Raphael Lotilla cited capital-intensive projects such as transmission facilities, pumped-storage hydroelectric plants and nuclear plants as examples of...
The Department of Energy challenged developers and financiers to design long-term financing mechanisms for high-capital-expenditure power projects.
It said this would support the continued growth of renewable energy, meet the government’s target of up to 50 percent renewable energy share in the generation mix by 2040 and ensure future energy security.
Energy Secretary Raphael Lotilla cited capital-intensive projects such as transmission facilities, pumped-storage hydroelectric plants and nuclear plants as examples of...
