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DOE shortlists 12 RE projects for third green energy auction contracts

Business | Trade & Industry

DOE shortlists 12 RE projects for third green energy auction contracts

By Gabriell Christel Galang

The Department of Energy (DOE) announced the 12 potential winning bidders for its third Green Energy Auction (GEA-3), which offers hydropower, pumped-storage hydropower, and geothermal energy contracts.

In a notice of award posted on the website DOE on June 9, it listed two developers for impounding hydropower, seven for pumped-storage hydro, and three geothermal developers for GEA-3.

For the impounding hydropower category, the Gened 1 and 2 hydroelectric power projects won the bid, each with an offered capacity of 150 megawatts (MW).

For Lot 1 pumped storage hydro, the winning bidders were the 500 MW-Kibungan pumped storage hydroelectric power project, 600-MW Wawa pumped storage 1 hydroelectric power project, and 1,400-MW Pakil pumped storage hydroelectric power project.

Included in the Lot 2 pumped storage hydro were the 800-MW San Roque lower east pumped storage hydroelectric power project, 800-MW San Roque west storage hydroelectric power project, and 2,000-MW Maton pumped storage hydroelectric power project.

Additionally, the 250-MW Aklan pumped storage hydroelectric power project has been listed for the pumped-storage hydropower lot 3.

There are three geothermal projects that have won the bid, including the 3.69-MW Mindanao 3 binary geothermal power plant expansion project phase 3-unit 1, 21.5-MW Tanawon geothermal power plant-unit 1, and five-MW Bago binary geothermal power plant.

The notice of award is subject to the non-FIT green energy tariff (GET), which allows renewable energy (RE) developers to sell power outside of the feed-in-tariff (FIT) scheme.

According to the DOE, these winning bidders must write a confirmation of acceptance of the award alongside their post-auction documents within the next 15 days.

Related Tags

Department of Energy (DOE) green energy auction (GEA)

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