Two dozen bidders take part in 2-GW Philippine renewables auction

Solar panels. Source: Pure Energy Holdings Corp (www.pureenergy.com.ph).

June 24 (Renewables Now) - A total of 24 qualified bidders have taken part in the first auction round of the Philippines’ green energy auction programme through which the Department of Energy seeks to award 2,000 MW of renewable energy capacity.

The auction, which was held on June 17, has drawn eight approved solar bids, another eight for wind, seven for run-of-river hydro projects and one for biomass, according to an announcement from the energy department.

As previously announced, the capacity on offer has been divided between three lots based on the location of the projects – in Luzon, Visayas and Mindanao. Most of the available capacity is in Luzon – 1,400 MW, of which 900 MW is for solar power. Almost all of the 380 MW of wind capacity is also there, with just 20 MW set aside for Visayas.

The Philippine government plans to hold renewable energy auctions on an annual basis and all developers who were unable to take part in the first one will have the chance to do so in the succeeding rounds, the department noted.

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