IlluMyFi

THE Department of Energy (DoE) on Sunday said it has undertaken initiatives for the prompt completion of renewable energy (RE) projects."The administration is committed to ensuring the efficient and timely execution of renewable energy projects by regularly assessing the progress of these projects and refining regulatory framework. If any contracts are deemed nonperforming, we will open them up to new developers who can effectively bring these projects into fruition," Energy Undersecretary Rowena Cristina Guevara said in a statement."This strategy not only accelerates the development timeline but also strengthens investor confidence in the country's renewable energy goals," she pointed out.Recently, the DoE released a revised set of omnibus guidelines which govern the awarding and administration of RE contracts and the registration of RE developers.This has led to identifying at least 105 RE projects for termination due to noncompliance of contract terms. Majority of the contracts were awarded in 2017 and 2019.Of the total, 88 are either delayed in their predevelopment timeline, or have not progressed at all.Of the 88, 53 are solar energy projects; 17 hydropower; 10 wind; five geothermal and three biomass.In the case of existing solar energy service contracts, the DoE said proponents have two years to complete the predevelopment phase which includes obtaining permits, conducting surveys, performing feasibility studies and securing possessory rights.If a proponent fails to submit a project's declaration of completion or does not demonstrate reasonable efforts within a timeframe, the DoE-Renewable Energy Management Bureau will issue a show-cause order to request an explanation for the delay. The project will then be terminated if explanations are deemed insufficient.The revised omnibus guidelines have likewise given RE project developers time to improve their work program. This includes obtaining a certificate of authority before signing the contract.The DoE has streamlined the process of granting permits through its Energy Virtual One-Stop Shop System."Moving forward, these streamlined procedures are designed to promote investments in the renewable energy sector by reducing bureaucratic hurdles and avoidance of service contract termination, ultimately supporting our country's transition to a more sustainable energy landscape," Guevara said.As of June, the DoE has awarded 1,435 RE service contracts with a total potential capacity of over 156,700 megawatts (MW).Some 6,100 MW from the service contracts have been installed.

Sentiment

-0.09

Bearish/Bullish

21.10.24 04:15

by manilatimes.net

Megaworld expands residential portfolio in Pampanga with new Parisian-inspired '...

PROPERTY giant Megaworld, the pioneering developer of live-work-play townships in the country, is building its fourth residential condominium development inside its 35.6-hectare Capital Town township in the City of San Fernando, Pampanga.Boasting 361 "smart home" units, the 17-story Saint-Marcel Residences will offer units in varying types and sizes, which include studio (24-square meters or sqm); studio with either a lanai or balcony (up to 33 sqm); one-bedroom with balcony (up to 59 sqm); executive one-bedroom with either a lanai (51 sqm) or balcony (up to 57 sqm); two-bedroom with lanai (up to 71.5 sqm); two-bedroom with balcony (up to 75 sqm); executive two-Bedroom with balcony (up to 98 sqm); and three-bedroom with balcony (up to 103 sqm)."There is still a strong demand for themed residential developments in Capital Town as we continue building more components of the township. We envision Saint-Marcel Residences to be an appealing address for young, well-traveled Kapampangans who want to immerse themselves in the beauty of their community," says Eugene Lozano, senior vice president for sales and marketing of Megaworld Pampanga.A Parisian-inspired residential condo, Saint-Marcel Residences will rise at the corner of Wilshire and Chelsea Streets in Capital Town — the more private portion of the township. It will be surrounded by a vibrant commercial strip, a sprawling plaza and a soon-to-rise transport hub while also being just about a two-minute walk away from the township's sprawling rainwater park.The striking white façade of Saint-Marcel Residences prominently reflects influences from modern French architecture. These will be seen in expansive windows that allow for more natural light and scenic views as well as subtle textures and clean lines that enhance the tower's minimalist design, colorful flowers at the podium and balconies that create inviting outdoor spaces.Future residents will be welcomed to a spacious high-ceiling lobby with interiors characterized by the use of large windows, wood finishes, large multi-layer chandeliers and a variety of earth and pastel hues.Over at the third-floor amenity area, residents will find several "first in Pampanga" facilities and amenities, including a bi-level private dining room complete with a fully-working kitchen called "Bistro Marcel;" energy-generating fitness equipment at the outdoor fitness area; pilates studio integrated into the bi-level fitness gym; and a bubbler pool. Other amenities include adult and kiddie pools, pool deck with lounge, trellised lounge and outdoor play area for children. There will also be a function room that can host more than 100 people at a time, an outdoor spill-over function area, pre-function area, daycare and a bi-level game room. All units at Saint-Marcel Residences will come with wireless smart home systems that can be accessed remotely using a dedicated phone app. This gives residents the ease and convenience of controlling several unit features, including lighting fixtures and other smart appli...