Between the end of this year and Dec. 25, 2025, an additional 2,000 megawatts (MW) of clean or renewable energy (RE) will be added to the country’s power mix. This will come from the successful auction conducted by the Department of Energy (DOE) under the Green Energy Auction Program (GEAP) just before the change in government last month. The DOE offered 1,260 MW for solar, 380 MW for wind, 130 MW for hydro, and 230 MW for biomass. The Energy Regulatory Commission earlier set the GEAP price ceilings for solar at P3.6779 per kilowatthour (kWh), wind at P6.0584, biomass at P5.0797, and run-of-river hydro at P5.4913. The interest is there among investors. The auction attracted 24 qualified bidders, eight each for solar and wind, seven for hydro, and one for biomass. It is laudable that the government is finally focusing on solar, which has the cheapest price among the RE sources and provides a host of benefits to the country and its people. (Read More)
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