Philippines’s Department of Energy (DOE) has come up with a list of qualified bidders for the Second Green Energy Auction Round.
It was published by the Green Energy Auction Bids Evaluation and Awards Committee of the department.
“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 committee announced in a statement.
It further stated, “The auction proper to be held on 19 June 2023 will have three stages corresponding to the annual installation targets – 2024, 2025, and 2026.”
It has been informed that the installations will be located across Luzon, Visayas and Mindanao grids.
The selected developers will secure 20-year power purchase agreements, the department shared.
To be noted, last year, the country had allocated 2 GW of renewable energy capacity, with 1.49 GW coming from solar power in the first procurement. Solar Philippines Ecija Corp. was the main winner of the auction.