MANILA, Philippines —Despite a relatively low turnout in its previous auction, the Department of Energy (DOE) is set to bid out 4,399 megawatts (MW) of renewable energy capacities in August to further ramp up the country’s clean energy supply.
The agency on Monday said the third Green Energy Auction Program (GEA 3) would cater specifically to geothermal and impounding, pumped-storage and run-of-river hydropower facilities.
A total of 699 MW of impounding hydro capacity will be auctioned off, while 3,120 MW must come from pumped-storage hydro facilities, 200 MW from run-of-river hydro, and 380 MW from geothermal.
Geothermal capacities must be available by 2024 to 2030, while those of impounding and pumped-storage hydro must be delivered by 2028 to 2030.
READ: 3rd Green Energy Auction postponed
Run-of-river hydro capacities, meanwhile, need to be available by 2026 to 2028, according to the DOE.
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