The Department of Energy (DOE) is offering 20-year supply contracts to winning bidders of renewable energy (RE) capacity projects under the green energy auction program (GEAP) set for next month.
According to a Manila Bulletin report, the bidding for 2,000 megawatts (MW) of RE capacities is slated on June 17. The bidding covers 130 MW of hydropower capacities for the Luzon and Mindanao grids, 230 MW of biomass, 1,260MW of solar for the Luzon, Visayas, and Mindanao grids, and 380MW of wind developments for the Luzon and Visayas grids.
Under the terms of reference released by the DOE, the winning bidder will be supplying RE power for 20 years “provided that it shall not go beyond the term of the RE contract.”
The delivery of the contracted capacities shall commence commercial operations from December 26, 2022, until December 25, 2025.
Qualified bidders are set to be announced on May 31. The DOE has yet to give pronouncements if the timeline of the GEAP would change.
The RE capacities under the bidding are in line with the state-supported Renewable Portfolio Standards.
The DOE also released a notice of auction of 2,000MW of RE capacity in January.