The Department of Energy (DOE) has awarded 105 winning bids in the second round of the green energy auction (GEA-2), marking progress in the country’s renewable energy (RE) development roadmap.
These successful project developers will receive 20-year power supply agreements (PSAs), and their facilities are set to deliver the warranted capacity by 2024, 2025, and 2026, as per GEA-2 terms.
Ground-mounted solar capacities were dominated by Nuevasol Energy Corp., Megasol Energy Inc., and others, while Phinma Solar Energy Corporation won across Luzon, Visayas, and Mindanao grids for roof-mounted solar installations. Floating solar development was awarded to NKS Solar One Inc. for 90 MW capacity.
However, no winners were announced for biomass and waste-to-energy facilities, which may be included in future RE auctions administered by the DOE.
The total winning capacity of 3,440MW was below the originally programmed 11,600MW in the tender process, with a significant portion coming from ground-mounted solar.