The Department of Energy (DOE) has awarded 19 winning bidders that will deliver 2,000 megawatts (MW) of renewable energy capacity under the Green Energy Auction Program (GEAP).
In its list released on Friday, the first round of bidding totaled 1966.93 megawatts (MW) “at a price lower than or equal to the Green Energy Auction Reserve (GEAR) prices set by the Energy Regulatory Commission (ERC).
The winning bids will be awarded 20-year power supply agreements (PSAs) which are expected to commence operations between 2023 to 2025.
Of the winning bids, 1,380 MW, or a majority of the capacity was awarded to the subsidiaries of Leandro Leviste’s Solar Philippines. These include; the 200-MW Concepcion Tarlac 2 Solar Power Project, 280 MW Santa Rosa Nueva Ecija 2 Solar Power Project, 450 MW Tayabas Solar Power Project, and the 120 MW General Santos Solar Power Project under Solar Philippines Nueva Ecija Corporation.
The 30 MW Calatagan Wind Power Project under Solar Phillippines Calatagan Corporation; and the 300 MW Kananga-Ormoc Solar Power Project under Solar Philippines Visayas Corporation are also included in Solar Philippines’ winning bids.
“These Winning Bids were ranked based on offers from the lowest to highest bid price and stacked corresponding to the respective RE technology per grid,” the DOE said in a statement on Monday.
For the Luzon Grid, 11 companies will be awarded PSAs with a capacity of 80 megawatts for hydropower, 1070 MW for solar power, and 360.8 MW for wind power. This would bring a total capacity of 1,511.18 MW
Among the winning projects in Luzon include PAVI Green Renewable Energy Inc’s 40.4 MW Naga solar power project and CleanTech Global Renewables Inc.’s 100.8 MW Kalayaan 2 Wind Power Project.
Two companies, meanwhile, were awarded under the Visayas Grid totaling 313.2 MW in capacity, including Petrowind Energy Inc’s 13.2 MW Nabas 2 Wind power project.
In Mindanao, six projects with a total capacity of 142.55 MW were awarded. Among the projects that won the bid include Philnewriver Power Corporation’s 3.7 MW Malitbog hydropower project, and the 3.7 MW Silo-O hydroelectric power project, and Cotabato Sugar Central Company Inc.’s 10-MW biomass cogeneration plant.
The GEAP looks to boost RE as the country’s source of power.
