Philippines Concludes 2 GW RE Auction

Solar Philippines Hogs Country’s 2 GW Renewable Energy Auction, Winning 1.38 GW

Philippines Concludes 2 GW RE Auction

Launched earlier this year, the 2 GW renewable energy auction of DOE Philippines has been concluded with over 1.96 GW awarded. (Illustrative Photo; Photo Credit: Thinnapob Proongsak/Shutterstock.com)

  • Philippines’ GEA-1 has been concluded with the selection of 19 renewable energy projects representing 1,966.93 MW capacity
  • Solar PV secured 1.39 GW of the total, followed by wind, hydro and biomass bagging remaining 576 MW
  • Solar Philippines emerged as the largest winner with 1.35 GW solar and a 30 MW wind energy project

The Department of Energy (DOE) in the Philippines has selected 19 renewable energy projects to contract 1,966.93 MW capacity, with Solar Philippines alone bagging 70% of the total awarded comprising 1.35 GW solar and 30 MW wind energy projects.

This is the 1st auction concluded under the country’s Green Energy Auction Program (GEA). Capacity contracted under GEA-1 will be expected to deliver clean energy at competitive prices between 2023 to 2025.

The 2 GW tender was launched earlier this year with the department offering 1.26 GW solar power capacity to be established as 1.4 GW in Luzon, 400 MW in Visayas and 200 MW in Mindanao regions (see Philippines 2 GW Renewable Energy Tender).

Under the results declared, in Luzon Solar Philippines won 3 projects of 200 MW, 280 MW and 450 MW, while PAVI Green Renewable Energy landed a 40.4 MW project.

In Visayas, Solar Philippines will set up 300 MW solar plant as the lone winner in the region for solar category. It is also the only winner under solar category in Mindanao winning 120 MW.

Remaining capacity of the total awarded was claimed by other winners for wind, hydro and biomass projects.

The department did not specify the winning bids, but stated that the winners were ranked based on offers from the lowest to highest bid price and stacked corresponding to the respective renewable energy technology per grid.

“As the GEA will be conducted on a yearly basis, the DOE encourages RE developers that were not able to win in the 1st round bid, and those that were not able to submit offers, to participate in subsequent auction rounds,” stated DOE.

The complete list of the winners is available on the department’s website.

Solar Philippines’ listed subsidiary Solar Philippines Nueva Ecija Corp (SPNEC) recently submitted offers to potential offtakers to contract 9 TWh annually from 10 GW solar capacity planned to come online between 2025 and 2026 (see SPNEC Submits Offers To Contract 10 GW Solar).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

Latest Videos

Loading...
Subscribe To Our Taiyang NewsLetter 
Enter your email to receive our daily solar sector updates.