The Philippines’ Department of Energy (DOE) has released the list of qualified bidders for the Second Round of the Green Energy Auction (GEA-2) Program after the evaluation conducted by the Technical Working Group (TWG) of the Green Energy Auction-Bids Evaluation and Awards Committee (GEA-BEAC).
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.
Qualified bidders are expected to post a bid bond amounting to a minimum of PhP 1 million per megawatt. The Pre-Bid Conference will be conducted on 06 June 2023 to provide an opportunity for the qualified bidders to raise clarifications on this round of RE capacity bidding. A walkthrough of the electronic bidding platform will likewise be conducted during said Conference.
The auction proper to be held on 19 June 2023 will have three (3) 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 RE technology for target year installation.
The winning bidders will be announced by the DOE on 28 June 2023, following the post-evaluation process by the GEA-BEAC and the Green Energy Auction Committee-TWG.
The RE facilities to be set up by the winning bidders will be awarded with 20-year Power Supply Agreements (PSAs) as provided in the Terms of Reference (TOR) of the GEA-2 Program.
The GEA-2 is expected to encourage more investments in power generation as well as to promote the growth of RE as one of the country’s primary sources of energy by facilitating transparent and competitive selection of RE facilities to help realize the government’s target of 35% RE in the energy mix by 2030 and 50% by 2040.
As the GEA will be conducted on a yearly basis, the DOE encourages RE developers that were not able to qualify to participate in the succeeding auction rounds.