The Department of Energy (DOE) will auction off a total of 11,610 megawatts (MW) of renewable energy (RE) capacity across the country in June this year. Know more:
THE Department of Energy will auction off a total of 11,610 megawatts of renewable energy capacity across the country in June this year.
“Compared to the first auction or GEA-1 last year, we are more aggressive this year and we are looking for RE developers who have ready capacity by next year, to the tune of 3,590 MW, and for 2025 and 2026, we need capacity commitments of 3,630 MW and 4,390 MW, respectively, or a total of 11,610 MW,” said Guevara.
The first round of the GEA program was conducted in June last year. It generated almost 2,000MW of capacities that were committed to deliver energy from 2023 to 2025 at a competitive price lower than or equal to the GEA Reserve prices set by the Energy Regulatory Commission . Guevera said hydro run-of-river will not be included in GEA-2 to make way for ERC’s Feed-In Tariff 2 and FIT-3 for hydro run-of-river.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOE to bid out 11,000-MW renewable energy capacityThe DOE eyes to auction off more than 11,000 megawatts of renewable energy capacity for the next three years under its second Green Energy Auction Program, an official said on Monday. | MegINQ /PDI
Read more »
DOE eyes 11,160 MW RE auction by 2026The Department of Energy (DOE) is eyeing 11,160 megawatts (MW) of renewable energy (RE) under the Green Energy Auction Program (GEAP) from 2024 to 2026, Undersecretary Rowena Cristina Guevara said …
Read more »
DOE eyes to increase electric vehicle rollout beyond mandated 5% of fleetThe Department of Energy (DOE) on Friday said it is eyeing to boost the share of electric vehicles (EVs) in the country beyond the mandated 5% mandatory share of EVs in public and private sector fl…
Read more »
DOE: Luzon grid could see 15 weeks of yellow alerts | Lenie LecturaThe Luzon grid may experience 15 weeks of yellow alerts this year, from earlier projections of 12, possibly due to possible delays in the commercial operation of power plants and transmission constraints, among others. “With the assumption of scheduled planned outage from power plants, forced outage and additional capacity from…
Read more »
DoE is imposing order on electricity supply dealsELECTRICITY supply and market turmoil such as that caused by the recent controversy and subsequent cancellation of power supply agreements (PSAs) between San Miguel Corp.
Read more »
Writer Butch Dalisay urges government to create Department of CultureThe veteran writer says culture needs to be seen as a matter of national and economic importance.
Read more »