DOE seeks bidders for 2,000MW RE supply
BY LENIE LECTURA – JANUARY 25, 2022
from Business Mirror
The Department of Energy (DOE) has issued a bid invite for 2,000 megawatts (MW) of renewable energy (RE) supply.
In a notice, the agency said 1,400MW will be auctioned off in Luzon, 400MW in Visayas and 200MW in Mindanao.
“The DOE, through the Green Energy Auction Committee (GEAC), invites all qualified suppliers to participate in the first round of the Green Energy Auction for Renewable Energy. The auction shall cover Luzon, Visayas and Mindanao,” it said in the bid invite posted on its website.
Energy Secretary Alfonso G. Cusi signed the bid invite last January 18.
The agency has set an installation target of 900MW of solar in Luzon, 260MW in Visayas, and 100MW in Mindanao.
For wind, the target is set at 360MW for Luzon and 20MW for Visayas.
For hydro, the installation target for Luzon is 80W and 50MW for Mindanao.
The installation target for biomass, meanwhile, is set at 60MW for Luzon, 120MW for Visayas, and 50MW for Mindanao.
The agency will hold a pre-bid conference next month.
Department circular no. 2021-11-0036 provides for the revised guidelines for the Green Energy Auction Program (GEAP), which refers to the competitive process of procuring renewable energy supply.
It will be conducted for new and existing RE capacities duly registered with the DOE, provided the facilities have no purchase power agreement with distribution utilities or other offtakes at the time of the agreed delivery date.
“The GEAP is a new market development support program introduced by the DOE to promote RE as one of the country’s primary sources of energy through the transparent and competitive selection of RE facilities. This supports the government’s goal of attaining energy security through the entry of new capacities in the grid.
The GEAP likewise assists the mandated participants of the Renewable Portfolio Standards (RPS) in complying with their prescribed minimum RPS requirements,” Cusi said.
The implementation of GEAP is seen to encourage greater private sector participation in the generation sector through RE. With GEAP, the country’s RE program will be met particularly in targeting the attainment of the 35-percent RE share in the generation mix by 2030.
