The Philippines is on track to triple its renewable energy supply to at least 15,000 megawatts (MW) of installed capacity by 2030, officials said at a forum.

Mario Marasigan, director of the Department of Energy’s (DOE) renewable energy management bureau, said there has been much interest in the current feed-in-tariff regime (including rates and installation capacity).

“We will first meet the targets under the current FIT regime and, in the future, we will be open to a more competitive regime,” Marasigan said.

DOE Undersecretary Ramon Allan V. Oca said the department is also supporting RE by relaxing application rules and, at the same time, becoming more strict in monitoring project implementation.

“Substantial” progress has to be achieved in approved projects according to strict timelines, otherwise contracts get cancelled. This, Oca said, is to weed out companies that are not serious in installing RE capacity.

The Philippines’ current RE capacity is rated at 5,400 MW, according to DOE data.