, Philippines
Photo by Cris Tagupa from Unsplash

Philippines to launch auction for 4,399 MW RE projects

The third round of the Green Energy Auction will be held in August 2024.

The Department of Energy (DOE) will be conducting the Third Round of the Green Energy Auction (GEA-3) in August 2024 for hydropower and geothermal projects with a total capacity of 4,399 megawatts (MW).

The GEA-3 project has been intended for Non-Feed-In-Tariff (Non-FIT) eligible RE technologies, such as geothermal, impounding hydro, and pumped-storage hydro, as well as run-of-river (ROR) Hydro – a FIT-Eligible RE technology.

ALSO READ: Saudi Arabia, Greece form SPV for interconnection project

The projected capacities for Non-FIT Eligible RE Technologies are 699 MW from impounding hydro, 3,120 MW from pumped-storage hydro, and 380 MW from geothermal. The target Delivery Commencement Period (DCP) for impounding hydro and pumped-storage hydro is estimated to be from 2028 to 2030. For geothermal, the DCP is scheduled from 2024 to 2030.

An estimated 200 MW of RE capacity from ROR Hydro is scheduled to be auctioned, with an intended target DCP from 2026 to 2028.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
Power Utility
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.