DOE revamping guidelines for RE capacity auction

The Department of Energy is in the process of revamping the guidelines on the Green Energy Auction Program or the policy on bidding renewable energy capacities that shall be awarded to investors with corresponding long-term power supply agreements.

The first GEAP administered by the DOE was in June 2022 under the Duterte administration – and that warranted the award of 20-year PSAs covering 2,000 megawatts of RE capacities being developed across solar, wind, biomass and run-of-river hydropower technologies by various project developers. Industry stakeholders further sounded off that in the previous RE capacity tendering, there was no prior publication of the quotas that had been set per technology; and there was not even a public consultation undertaken to at least recognize the issues and apprehensions that the investors have been raising relating to GEAP.

GEAP is considered the anchor to the Renewable Portfolio Standards mandate of the Renewable Energy Act – because the contracts awarded in the green capacity auction serves as a market incentive for investors to inject capital in the Philippine RE sector.

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