Perks to boost RE share in energy mix (Business Insight)

Bangui Windmills are located in Bangui, Ilocos Norte, Philippines. It is also known as the NorthWind Bangui Bay Project, a project by the NorthWind Development Corporation as a practice renewable energy sources and to help reduce the greenhouse gases that cause global warming. The project is the first “Wind Farm” in the Philippines consisting of wind turbines on-shore facing the South China Sea and considered to be the biggest in Southeast Asia. The project sells electricity to the Ilocos Norte Electric Cooperative (INEC) and provides 40% of the power requirements of Ilocos Norte via Transco Laoag. (Photo credit: Paolo Dala)

Business Insight Philippines published an article on recent findings of IFPRI researchers, on the prospects of energy diversification in the Philippines. The team of senior research fellows Md. Alam Hossain Mondal, Mark Rosegrant, Claudia Ringler, Angga Pradesha and Rowena Valmonte-Santos found that a diversified energy mix could help the Philippines to supplement up to 60 percent of its energy needs with renewables, by 2040. Quoting Mondal, it states that without energy diversification, fossil fuel dependency will increase at an average rate of 7 percent per year. (Photo credit: Paolo Dala)

View original article

Related news

View all