Philippines to launch auction for 4,399 MW RE projects

The third round of the Green Energy Auction will be held in August 2024.

The Department of Energy (DOE) will be conducting the Third Round of the Green Energy Auction (GEA-3) in August 2024 for hydropower and geothermal projects with a total capacity of 4,399 megawatts (MW).

The GEA-3 project has been intended for Non-Feed-In-Tariff (Non-FIT) eligible RE technologies, such as geothermal, impounding hydro, and pumped-storage hydro, as well as run-of-river (ROR) Hydro – a FIT-Eligible RE technology.

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The projected capacities for Non-FIT Eligible RE Technologies are 699 MW from impounding hydro, 3,120 MW from pumped-storage hydro, and 380 MW from geothermal. The target Delivery Commencement Period (DCP) for impounding hydro and pumped-storage hydro is estimated to be from 2028 to 2030. For geothermal, the DCP is scheduled from 2024 to 2030.

An estimated 200 MW of RE capacity from ROR Hydro is scheduled to be auctioned, with an intended target DCP from 2026 to 2028.