Philippines plans to auction 2 GW of renewable power

The Philippines government plans to introduce a Green Energy Tariff Program auction regime in 2020 to facilitate the allocation of 2 GW of renewable energy generation capacity. The proposed programme, which has been put out for consultation, is  estimated to attract $2 billion in clean energy investment. According to a report published by the Institute for Energy Economics and Financial Analysis (IEEFA), public tenders would feature a maximum price for the renewable electricity generated by tendered projects and the programme would be administered by the Philippines Department of Energy. Off-grid electrification projects would also be included in the proposed tender system. If the regime is introduced, the first round of auctions could consider projects which missed out on the expired deadline for securing feed-in tariffs (FiTs).

 

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