Philippines' renewable projects

The auction was joined by 24 qualified bidders from various energy sectors.

It will have a 2,500MW to 3,500MW capacity with a battery energy storage system.

The country’s total solar capacity increased significantly in the past year.

This forms part of SPNEC’s plan to raise its capital stock to 50 million shares.

Fossil fuel power-generation projects will be excluded from its green financing scheme.

This will fund a 160MW wind project and 283MW solar project.