In renewable energy: the service agreement between the Government, through the DOE, and RE Developer over a period in which the RE Developer has the exclusive right to a particular RE area for exploration and development. The RE Contract shall be divided into two (2) stages: the pre-development stage and the development/commercial stage. The preliminary assessment and feasibility study up to financial closing shall refer to the pre-development stage. The construction and installation of facilities up to operation phase shall refer to the development stage [Section 4(tt), RE Act of 2008]
In renewable energy: the service agreement between the Government, through the President or the DOE, and an RE Developer over an appropriate period as determined by the DOE in which the RE Developer has the exclusive right to explore and develop a particular RE area. The RE Contract shall be divided into two (2) stages: the pre-development stage and the development/commercial stage. The preliminary assessment and feasibility study up to financial closing shall refer to the pre-development stage. The construction and installation of facilities up to operation phase shall refer to the development stage [Section 3(yy), Rules and Regulations Implementing Republic Act No. 9513]
Note: Under the IRR, “the exclusive right to a particular RE area for exploration and development” is written as “the exclusive right to explore and develop and particular RE area”. Also, “between the Government, through the DOE, and RE Developer over a period” under the IRR is changed to “between the Government, through the President or the DOE, and an RE Developer over an appropriate period”.
In renewable energy: the service agreement between the Government, through the DOE, and an RE Developer over an appropriate period as determined by the DOE which grants to the RE Developer the exclusive right to explore, develop, or utilize the RE Resource within a particular area. The RE Contract may be in the nature of a financial or technical assistance agreement which shall be entered into by the Government, through the President of the Philippines, pursuant to Article XII, Section 2 of the Philippine Constitution [Section 3.25, DOE Department Circular No. DC2024-06-0018, Revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy Contracts and the Registration of Renewable Energy Developers]
Note: Under the RE Act, the term is written as “Renewable Energy Service (Operating) Contract (RE Contract)”. Under the RE Act of 2008 IRR, the term is written as “Renewable Energy Service/Operating Contract (RE Contract)”. Under DOE Department Circular No. DC2024-06-0018, the term is written as “RE Contract”. See “Renewable Energy Service Contract (RE Service Contract)” and “Renewable Energy Operating Contract (RE Operating Contract)“.