Supply limitation, low incentives, delay in the conduct of grid impact studies, and the cost of financial guarantees are some of the reasons for the low turnout of bidders in the recently concluded second round of Green Energy Auction (GEA). Know more:
SUPPLY limitation, low incentives, delay in the conduct of grid impact studies, and the cost of financial guarantees are some of the reasons for the low turnout of bidders in the recently concluded second round of Green Energy Auction , according to energy secretary Raphael Lotilla.
Of which, 1,968.982 MW was committed for ground-mounted solar from 2024 to 2026; 9.39 MW was committed for 2024 and 2025 for rooftop solar; 90 MW for the construction of floating solar in 2026; 1,512.384 MW for onshore wind from 2025 and 2026. There were no bidders for biomass and waste-to-energy projects.
“I think this was a message not only to DOE but also to our LGUs [local government units] that one of the sources of uncertainty is the stability of supply of waste and that is actually within the control of LGUs. If one puts up a waste-to-energy facility that will be able to recover investment over a 15 or 20-year period, they will need a stable supply of waste.
The results of the SIS are vital as this will determine if the transmission lines will be able to absorb new power generation capacities. According to the Philippine Solar and Storage Energy Alliance , the ERC should “seriously examine” the rates it had set for GEA2, saying “these do not reflect the realities of the current demand and supply of electricity in the country, nor is it encouraging developers to build.”
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