Philippines to hold 2-GW renewables auction in June 2022

Solar plant at Tarlac, Philippines. Source: Blueleaf Energy.

May 13 (Renewables Now) - The Phillippine Department of Energy this week posted a revised timeline for its upcoming 2-GW renewable energy auction, scheduling the competitive bidding process for June 17, 2022, at the latest.

The local government released the Terms of Reference (TOR) and Auction Round Procedure (ARP) for the first auction round on May 6 and plans to open the registration for qualified suppliers on May 21 until May 24.

The posting of qualified bidders is expected to take place on or before May 31, 2022. The energy department noted that the pre-bid conference, scheduled for June 1 at the latest, and all subsequent activities will only be conducted upon the release of the Green Energy Auction Reserve (GEAR) prices by the Energy Regulatory Commission (ERC) by May 30.

The Notice of Award is expected to be posted on or before June 24, 2022.

The table below includes information about each lot that will be offered per region, as announced earlier this year.

Type Luzon (Lot 1) Visayas (Lot 2) Mindanao (Lot 3)
Hydro 80 MW -- 50 MW
Biomass 60 MW 120 MW 50 MW
Solar 900 MW 260 MW 100 MW
Wind 360 MW 20 MW --
Total 1,400 MW 400 MW 200 MW

The auction design is available here.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription