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: a service agreement between the Philippine Government, through the President or the DOE Secretary, and the RE Developer, covering an appropriate period as stated therein, in which the RE Developer shall have the exclusive right to explore, develop and utilize geothermal, hydropower, wind, ocean and other RE Resources within a particular area [Section 3.32, 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 of 2008 and its IRR, the term is written as “Renewable Energy Service Contract” only, while under DOE Department Circular No. DC2024-06-0018, the term is written as “RE Service Contract” only. An RE Service Contract is an “RE Contract“.