DOE to auction 12,599 MW of RE capacity this year

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The Department of Energy plans to auction 12,599 megawatts of renewable energy capacity under the Green Energy Auction Program 3 and 4 this year.

The target delivery will be from 2028 to 2030 for both impounding hydro and pumped-storage hydro and 2024 to 2030 for geothermal.“Originally, we’re thinking of 8,200 MW for GEA 4, but it might go up,” she said.The DOE expects renewables to overtake coal in the power generation mix by 2028, with the entry of the large offshore wind projects.

“Renewables will start to overtake by 2028…We will also start our offshore wind, so it will wipe out coal by then,” she said. The DOE said the Philippines’ power generation mix could not be directly compared to large economies like China and Indonesia because of significant differences in demographic, economic and energy profiles.

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MlaStandard /  🏆 20. in PH

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