118 qualified firms eyeing to join 2nd RE auction By Myrna M. Velasco The Department of Energy (DOE) is set to hold its second Green Energy Auction (GEA-2) on June 19 which attracted a remarkable number of potential bidders. A total of 118 qualified companies have expressed interest in bidding for...
Sy-led BDO Unibank Inc. is funding another biomass power project of Surallah Power Generation, Inc., a renewable energy developer based in South Cotabato province. The project sponsor-firm narrated that it “approached BDO given its reputation as a pioneer in sustainable finance in the country.”...
The Department of Energy (DOE) is studying prospects of opening up the renewable energy (RE) sector to 100 percent foreign ownership, primarily in the domain of solar and wind farm installations, for the manufacturing sector. Energy Secretary Raphael P.M. Lotilla raised this possibility as he...
The Department of Energy (DOE) is requiring "indivisibility" or "no competing supply contract" for the capacity generation that qualified bidders will be offering in the government's Green Energy Auction Program (GEAP) slated this June 17. According to Energy Assistant Secretary Redentor Delola,...
The Department of Energy (DOE) is instituting a policy that will exempt waste-to-energy (WTE) biomass power projects from the competitive selection process (CSP) requirement in their power supply agreements (PSAs). CSP is an auction scheme mandated upon off-taker distribution utilities, like that...
Ayala-led AC Energy Corporation has unloaded its interest in three biomass power projects, which had been its joint venture with the Zabaleta group in the Visayas grid. The company announced that it divested its equity in project corporate vehicle Negros Island Biomass Holdings Inc. (NIBH) to...
The Department of Energy (DOE) has started awarding the last batch of degressed feed-in-tariff (FIT) incentives to qualified biomass and run-of-river hydropower projects that reached commercial operations on the prescribed cut-off date last year. Energy Secretary Alfonso G. Cusi The recent round of...
