Applications & Installations

Philippines’ green energy auction heavily oversubscribed with nearly 7 GW of pumped hydro bids

The country’s Green Energy Auction (GEA-3) attracted a cumulative 7.5 GW of projects, far surpassing the 4.65 GW installation target.
Marija Maisch
By
Marija Maisch
A pumped-hydro storage facility in Lithuania | Image: Shimatonis/Wikimedia Commons/https://bit.ly/36m5AsP

From ESS News

The Philippine Department of Energy (DOE) said on Tuesday that its GEA-3 auction round, focusing on technologies not eligible for feed-in tariff (FIT) such as pumped hydro storage, impounding hydropower, and geothermal, demonstrated an overwhelming response from industry stakeholders.

A total of 14 projects, with delivery period from 2025 to 2035, were submitted in the auction with a cumulative capacity of 7.5 GW, exceeding the installation target of 4,650 MW.

Offers for pumped hydro storage projects reached 6,950 MW, surpassing the 4,250 MW target installation.

To continue reading, please visit our ESS News website.

 

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: [email protected].

More about
Written by

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: [email protected].

Comments