DOE issues notice of awards under GEA-2

DOE logo 2023

The Department of Energy (DOE) has officially released the Notice of Award to the winning bidders of the second round of the Green Energy Auction Program (GEA-2), with a total winning capacity of 74.93%. 

GEA-2 was able to generate 3,440.756 megawatts (MW) of renewable energy capacities committed for development and installation between 2024 to 2026. 

The majority of the committed winning capacity is from ground-mounted solar projects totaling 1,878.982 MW. Meanwhile, rooftop solar garnered 9.390 MW, floating solar at 90 MW, and onshore wind projects with 1,464.384 MW. 

The DOE targeted 11,160 megawatts (MW) of RE under the second round of the GEAP.  However, only 32.21% was consumed. 

DOE said that it’s reviewing its options on the 8,019.24 MW of unsubscribed renewable energy projects for the period. 

“We will review and we will also have discussions with the auction participants. We will decide on the unsubscribed capacity after our discussions with the auction participants,” Energy Undersecretary Felix Fuentebella said in an earlier statement.