The
decision
followed
a
series
of
public
hearings
that
led
the
ERC
to
downgrade
FIT
levels
recommended
by
the
National
Renewable
Energy
Board
(NREB)
in
March
2011,
largely
because
of
falling
construction
costs.
PV
will
attract
a
FIT
of
9.68
pesos
($0.23)
per
kWh,
almost
half
the
NREB
recommendation
of
17.95
pesos.
Wind
generators
will
receive
8.53
pesos
per
kWh,
slightly
lower
than
the
10.37
pesos
suggested
by
the
NREB.
Developers
will
be
allowed
to
put
up
a
total
of
760MW
of
renewables
projects
in
a
three-year
period.
Biomass
and
run-of-river…
