Daily News

WESM key to viability of new RE projects in Mindanao

The attractiveness and viability of renewal energy (RE) investments in Mindanao depends partly on the operations of the wholesale electricity spot market (WESM), a Mindanao Development Authority (MinDA) official said. MinDA Deputy Executive Director Romeo Montenegro, who also heads the technical working group of the Mindanao Power Monitoring Committee, said the WESM will serve as a key platform for selling green energy output, which enjoys priority status under the Renewable Energy Act of 2008.