Gov’t to change renewable energy mix

February 26th, 2013 4 Comments   Posted in feed-in tariff

Gov’t to change renewable energy mix

Inquirer News, November 1st, 2012

The Department of Energy (DOE) is planning to reallocate the installation targets among the renewable energy sources in favor of the more expensive solar and wind power projects.

Energy Undersecretary Jose Layug Jr. assured the public, however, that such an action would not increase the feed-in-tariff (FIT) allowance—or the universal levy to be collected from all power consumers for the use of renewable energy facilities—beyond the estimate of 5 centavos per-kilowatt-hour (kWh). More »

ERC Approves Feed-in tariff rates

July 28th, 2012 No Comments   Posted in feed-in tariff

ERC Approves Feed-in tariff rates

The Energy Regulatory Commission (ERC), on July 27, 2012, approved the initial Feed-in Tariffs (FITs) that shall apply to generation from renewable energy (RE) sources, particularly, Run-of-River Hydro, Biomass, Wind, and Solar, as follows: More »

Feed-in Tariff (FiT) to be issued by March 2011

February 16th, 2011 No Comments   Posted in feed-in tariff

Feed-in Tariff (FiT) to be issued by March 2011

The government thru the National Renewable Energy Board (NREB) is targetting to come up with the feed-in tariff (FiT) rate scheme by the end of March this year (2011), a top Department of Energy (DOE) official said.

The FiT is the price per kWh sold that will be paid to all renewable energy (RE) developers and power generators for puting up these intermittent power generation plants. It shall be fixed for 15 years and shall be subject to review every 3 years with the possibility of lowering the FiT as technology and economy of scale improves. It is, however, prospective, and applies only to future RE projects, thus protecting the earlier RE investments from regulatory and pricing risks arising from technological improvements. The RE technologies being intermittent are thus considered must run and will be dispatched when available and transmission and distribution system operators are obliged to ensure that investments are made to ensure their safe and stable connection into the grid. More »

Evaluating Renewable Energy Potential and Project Economics Made Easy

September 5th, 2010 No Comments   Posted in feed-in tariff

Evaluating Renewable Energy Potential and Project Economics Made Easy

Your energy technology selection expert wishes to announce the latest release of renewable energy (RE) project finance and energy resource evaluation tools, specifically for evaluating the performance of RE hybrid combinations such as minihydro-diesel, solar PV-diesel, wind-diesel PV and biomass gasification-diesel generation for off-grid as well as on-grid systems.  The model will calculate the RE resource potential, predict the annual generation, and then calculate annual average capacity factors.

For off-grid, the model evaluates also the optimum fossil fuel back-up support so that the RE (minihydro, solar, wind, biomass) hybrid system will provide 24/7 hours of affordable and reliable electricity service.

Don’t waste your time evaluating the RE potential using obsolete and un-integrated software that are site and technology specific.  In just a few minutes and few hours, you could run a series of wind site evaluations which compares the wind power levelized selling price (tariff) to your country’s diesel power generation cost or feed-in tariff.

It’s now the right time to change to the fully-integrated multi-site RE hybrid evaluation tools. More »

Municipal Solid Waste (MSW) to Power Project

July 3rd, 2010 11 Comments   Posted in feed-in tariff

Municipal Solid Waste (MSW) to Power Project

This is a power point presentation with a project finance model for calculating feed-in tariff (FiT).

The FiT is a renewable energy charge paid to renewable energy (RE) developers for providing power to the grid.  It is paid for by the Transco operator who collects a renewable energy charge (REC) from all consumers of electricity in the country.  By being spread out to all consumers, the burden of a higher FiT compared to the average grid rate is shared equally by all citizens and consumers alike since they will benefit from the positive impact of RE on global warming and climate change issues.

More »

Feed-in Tariff Calculator – from simple RP MTO formula to project finance model

June 26th, 2010 8 Comments   Posted in feed-in tariff

Feed-in Tariff Calculator – from simple RP MTO formula to project finance model

Yes, you are right.  A feed-in tariff calculator using the modified US NREL formula for levelized cost of energy (LCOE) or levelized cost of electrity is available from you Energy Technology Expert – Marcial Ocampo.   (Please refer to my previous articles on simplified formula for LCOE.)

In addition, we prepared a more sophisticated project finance model to calculate the feed-in tariff using the discounted cash flow internal rate of return method (DCF IRR). More »

Feed-in Tariff Models for Renewable Energy – biomass, cogen, mini-hydro, wind, solar and ocean thermal (OTEC)

April 29th, 2010 6 Comments   Posted in feed-in tariff

Feed-in Tariff Models for Renewable Energy – biomass, cogen, mini-hydro, wind, solar and ocean thermal (OTEC)

Renewable energy feed-in tariffs for biomass, biomass cogen, mini-hydro or run-of-river hydro, wind, solar PV and ocean thermal energy conversion (OTEC) have been calculated using a project finance model prepared for the National Renewable Energy Board (NREB) by Marcial Ocampo – your favorite energy technology expert.

Using standard assumptions of supplier FOB, the all-in capital cost is calculated.  The summary sheet of the model then summarizes the assumptions and results.

Marcial Ocampo

Energy & Business Development Consultant

More »

New Summary Report Format for Project Finance Model for Feed-in Tariff

April 22nd, 2010 1 Comment   Posted in feed-in tariff

New Summary Report Format for Project Finance Model for Feed-in Tariff

A new and improved summary report format for the state-of-the-art project finance model has been developed and ready for implementation in all small scale, large scale and renewable energy project finance models.

Please refer to the sample format below and the author would appreciate receiving your valuable feedback.

Two formats are available: one for renewable energy projects without fuel requirement (mini-hydro, wind, solar) and those with fuels (biomass, cogen and other fossil-fired power plants such as diesel, coal, oil and natural gas).

This is to enable presentation of the plant heat rate and conversion efficiency from fuel energy to electrical energy as well as lube oil consumption rate.

More »

Free Trial of Project Finance Model for Renewable Energy Feed-in Tariff Calculation

March 25th, 2010 6 Comments   Posted in feed-in tariff, financial models

Free Trial of Project Finance Model for Renewable Energy Feed-in Tariff Calculation
The energy expert and author of this blog is inviting his dedicated viewers to email him or comment on this blog.

The first 20 viewers who will email him for the next 48 hours starting this day of March 25, 2010 at 24:00 hours (12 midnight) Philippine Time will receive a demo copy of his famous project finance models for calculating feed-in tariff.  If he is satisfied, he may order the working copy by proceeding to the DONATE button or to the ENERGY DATA page of his blog.

Feed-in tariff is a regulatory mechanism developed to encourage the development and growth of Renewable Energy by encouraging RE power generation technologies such as biomass energy, mini-hydro, wind, solar and ocean energy.

It is a fixed tariff calculated using the discounted cash flow internal rate of return (DCF IRR) which compares the equity portion (usually 30%) of the all-in project cost (land, equipment, project development, working capital, interest during construction) to the expected net cash flow.

It is usually a fixed tariff for a minimum period of 15 years that allows the RE developer to recover the cost of capital (equity and debt), allowable generation cost, and provide reasonable profit at the minimum equity returns needed by investors.

What are you waiting for.  Email me now and be the among the lucky first 20 viewers to receive the demo copy.

Regards,

MARCIAL T. OCAMPO

Energy Technology & Business Development Consultant

Email: mars_ocampo@yahoo.com

energydataexpert@gmail.com

Web:   www.energytechnologyexpert.com

http://ph.linkedin.com/in/ocampomarcial

Input Data for Calculating Feed-in Tariff (FiT) for Renewable Energy

March 10th, 2010 No Comments   Posted in feed-in tariff, financial models

Input Data for Calculating Feed-in Tariff (FiT) for Renewable Energy

Your energy technology selection expert and author of this blog has standardized the input data requirements for calculating feed-in tariff (FiT) for Renewable Energy (RE) sources such as biomass, cogen, mini-hydro, wind and solar.

Please refer to the snippet of the input worksheet below.

Thanks,

Marcial T. Ocampo

Energy Technology Selection & Business Development Consultant More »

Preliminary Feed-in Tariff (FiT) for Renewable Energy Sources in the Philippines – Biomass, Mini-Hydro, Wind and Solar

February 5th, 2010 8 Comments   Posted in feed-in tariff, financial models

Preliminary Feed-in Tariff (FiT) for Renewable Energy Sources in the Philippines – Biomass, Mini-Hydro, Wind and Solar

Last January 20-21, 2010, the Philippine Department of Energy (DOE) and the National Renewable Energy Board (NREB) and in consultation with the Renewable Energy (RE) Alliance, conducted a three day seminar at the Subic International Hotel at the Subic Free Port, Province of Zambales, Philippines.

With the recent passage last year (2009) of the Philippine Renewable Energy Law (R.A. 9513) and its Implementing Rules and Regulations (DC 2009-05-0008), a Feed-In Tariff mechanism has to be established in the country within a year (February 2010).  In particular, a feed-in tariff scheme which provides an obligation to the power industry to source RE generation at a guaranteed fixed price over a period of time, which should not be less than a period of 12 years (15 years per ERC), to be determined by the Energy Regulatory Commission (ERC). More »