Progress of Wind Deployments in the Philippines

Wind power has grown tremendously in the Philippines.  The Energy Regulatory Commission started with a feed-in tariff (lets call it FIT-1) of P8.53 with quota of 200 MW.  This quota was exhausted quickly.  In October 2015, FIT-2 came into existence with tariff of P7.40 with quota of additional 200 MW.  At the time of approval of FIT-2, 144 MW was already commissioned and delivering power, that is for FIT-2 only 56 MW was left.  Last data, as of May 2016, indicates that 194 MW of the 200 MW is taken.  This rapid wind power development is a testament to clear and transparent FIT, the demand for wind power and readiness of private sector to develop and finance wind power.  The Philippines adopted an unusual approach of awarding the FIT after 80% electro-mechnical completion.