- The delivery of capacities from the awarded renewable energy (RE) projects under the 2nd Green Energy Auction (GEA-2) program will help accelerate the journey of the Philippines toward a “green energy” future.
DOE awards 105 RE winning bids
Citicore, Phinma are ‘big winners’ in the 2nd RE auction
BY MYRNA M. VELASCO – Jul 12, 2023 07:14 PM
from Manila Bulletin
AT A GLANCE
The Department of Energy (DOE) has issued notice of awards (NOAs) to 105 winning bids in the recently concluded second round of green energy auction (GEA-2), an exercise that partly fulfills the country’s renewable energy (RE) development roadmap.
The winning project-developers will be awarded with 20-year power supply agreements (PSAs). The warranted capacity deliveries from their facilities are scheduled by 2024, 2025 and 2026, as decreed under the GEA-2 terms of reference.
For ground-mounted solar capacities, the winning bidders are the following: Nuevasol Energy Corp., Megasol Energy Inc., Citicore Solar Tarlac 1 Inc., Citicore Solar Tarlac 2 Inc., Greencore Power Solution 2 Inc., Citicore Solar Pampanga 1 Inc., Citicore Solar Quezon Inc., Citicore Solar Pangasinan Inc., and Citicore Solar Pangasinan 2 Inc. for Luzon grid. The generated capacities would be for 2024 delivery.
The capacities due on stream by 2025 are: Labrador Green Energy Corp, Liberty Solar Energy Corp., Wyn Power Corporation, Solar Valley Energy Solutions Inc., Greenergy for Global Inc. (doing business under G4G), San Pablo Renewable Energy Corp., BKS Green Energy Corp., and PetroGreen Energy Corporation for Luzon grid; and Enfinity Philippine Renewable Resources Third Inc. for the Mindanao grid.
On 2026 deliveries, this will come from the projects of Opus Solar Energy Corp., Ixus Solar Energy Corp., Solar Valley Energy Solutions Inc., Solar Philippines Commercial Rooftop Projects Inc., Energy Logics Philippines Inc., Xyris Energy Corporation for Luzon grid; Joy-Nostalg Solaris Incorporated, Apolaki Eight Inc., Citicore Solar Negros Occidental 2 Inc., Citicore Solar Cebu Inc., and Citicore Solar Negros Occidental Inc. for the Visayas; and Apolaki Seven Inc. in the Mindanao grid.
For roof-mounted solar installations, it was a grand slam win for Phinma Solar Energy Corporation across Luzon, Visayas and Mindanao grids and capacity-deliveries will be 2024 and 2025.
The winning bidder on the floating solar development space is NKS Solar One Inc. for 90 megawatts (MW) capacity that is slated for delivery in 2026.
