The Philippines’ Department of Energy (DOE) has launched an auction to allocate 2 GW of renewable energy capacity including 130 MW of hydropower capacity on the islands of Luzon and Mindanao.
Through the procurement exercise, the country’s authorities also want to contract 1260 MW of PV, 380 MW of wind power and 230 MW of biomass capacity. In terms of the hydropower capacity, around 80 MW should be assigned for development on the island of Luzon, the largest island of the archipelago, and 50 MW on the second largest island of Mindanao.
The DOE will publish the Notice of Auction on its website and in at least one newspaper of general circulation, pursuant to Section 9.1 of the Department Circular No. DC2021-11-0036 entitled, “Providing the Revised Guidelines for the Green Energy Auction Program in the Philippines”. The Philippines Government announced the plan to introduce the Green Energy Tariff Program auction in February 2020. The auction will feature a maximum price for the renewable electricity generated by tendered projects and the programme will be administered by the Philippines Department of Energy, according to a report published by the Institute for Energy Economics and Financial Analysis (IEEFA). Off-grid electrification projects will be included in the proposed tender system, the research institute added.
For further information, contact: the Renewable Energy Management Bureau, Department of Energy; Tel: +63 8840 2151, +63 8479 2900 local 415; Email: email@example.com.