The Green Energy Auction Bids Evaluation and Awards Committee (GEA-BEAC) of the Philippines Department of Energy (DOE) has published a list of qualified bidders for the Second Green Energy Auction Round (GEA-2).
“A total of 339 out of 378 submissions of registration for different renewable energy (RE) technologies from 118 companies were found compliant to participate further in the bidding process for the 11,600 MW offered RE capacities,” the GEA-BEAC said in a statement. “The auction proper to be held on 19 June 2023 will have three stages corresponding to the annual installation targets – 2024, 2025, and 2026. The installations will be sited across Luzon, Visayas and Mindanao grids. Qualified bidders will be given a forty-five-minute period to place and enter their bids for each [renewable energy] technology for target year installation.”
The selected developers will secure 20-year power purchase agreements.
In the first procurement exercise , which concluded in June 2022, the authorities allocated 2 GW of renewable energy capacity, with 1.49 GW coming from solar power.
The main winner of the auction was Solar Philippines Nueva Ecija Corp. (SPNEC), which secured three PV projects with capacities of 200 MW, 280 MW, and 450 MW, in the Luzon region. It also won a 300 MW solar project in the Visayas region and a 200 MW scheme on the island of Mindanao.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.