Philippines wants auctions for 2 GW of renewables

Published onFebruary 20, 2020

The Philippines government plans to introduce a Green Energy Tariff Program auction regime this year which it hopes will allocate 2 GW of renewable energy generation capacity. The proposed program has been put out to consultation with the authorities estimating it could generate $2 billion in clean energy investment. Public tenders will feature a maximum price for the renewable electricity generated by tendered projects and the program will be administered by the Philippines Department of Energy, according to a report published by the Institute for Energy Economics and Financial Analysis (IEEFA). The research institute added, off-grid electrification projects will be included in the proposed tender system.