Reading up again on this fabulous book by Robert Lacey titled: Ford The Men and the Machine which details the life of the two Henry Ford’s. The original patriarch and his grandson, Henry Ford II.
Read the rest of this entry »

A month after announcing that they had decided on the FeedIn Tariff Rates (FIT) for the Renewable Energy sector, the National Renewable Energy Board announced that they have submitted already for approval the FIT rates. As more light gets shed into the matter with this recent announcement, it turns out that the recommended FIT is actually graded depending on the type of renewable energy investment.

The following are the recommended FIT rates based on the type of renewable energy project: solar power (P17.95/kWH), ocean power (P17.65/kWh), wind power (P10.37/kWh), biomass (P7/kWh) and hydro (P6.15/kWh)
Read the rest of this entry »

Publicly listed Ayala Corp disclosed that they would enter into a joint veture with Sta. Clara Power Corp in order to develop hydro electric power plants around the country. This venture would be accomplished through their subsidiary, Michigan Power Inc. (MPI). Ayala Corp would have a 70% ownership in the venture with an infusion of P600 million.

Ayala Corp has been primarily known as a leading real estate developer and mall operator in the Philippines with their very successful investments in the Makati district. Unknown to most people is that they have also other successful investments in different facets of industry (car and electronics manufacturing to name a few)
Read the rest of this entry »

Just when we thought that Feed-in Tariff (FIT) for the Renewable Energy(RE) sector would be delayed again, the Department of Energy’s National Renewable Energy Board (NREB) announced that they had decided on 11.38 centavos per kWh as a Feed-in Tariff that will go to operators of Renewable Energy power plants. This amount will still be approved by the Energy Regulatory Commission (ERC) and will be implemented by 2014 when the 830 MW RE target has been hit.

The 11.38/KwH will be added to the average joe’s energy bill and will be given to the Renewable Energy operator. In layman’s terms its the price we have to pay in order to encourage investors to build clean energy power plants that will supply energy to the grid. The recommended FIT by developers was actually 16.45 centavos/KwH.
Read the rest of this entry »

Interesting video here from GMA News on the Solar Bottle Light being promoted in the Philippines right now. More information can be found at their site, here.
Read the rest of this entry »

International Finance Corp representative, Jesse Ang, said that a delay in the release of the Feed-in Tariff Rules for Renewable Energy Developers could result in loss of investors for the Philippines.

According to him, the FIT rules should have been released already by the National Renewable Energy Board by June of last year. The delay in this decision could result in investors leaving for lack of the FIT.
Read the rest of this entry »