Ayala, Villar offer lowest bids in RE auction

Ayala-owned Amihan Renewable Energy Corp. offered a bid of P3.8583 per kilowatt-hour (kWh) for its 70 megawatts Caparispisan II wind project in Ilocos Norte, the lowest offer among all other bidders for wind capacity under the Green Energy Auction Program (GEAP).

The offer of Amihan, owned by the Ayala family’s ACEN Corp. was significantly lower than the P6.0584 per kWh ceiling rate approved by the Energy Regulatory Commission for the first GEAP held last month.

The other winning bidders for wind capacities are Solar Philippines Calatagan Corp.’s 30 MW Calatagan wind project (P4.1998 per kWh), Bayog Wind Corp.’s 160 MW wind project (P4.4386 per kWh), CleanTech Global Renewables, Inc.’s 100.8 MW Kalayaan 2 wind project (P4.6368 per kWh) and Petrowind Energy, Inc.’s 13.2 MW wind project in Aklan (P5.755 per kWh).

For solar capacities, ultra bilyonaryo Manny Villar’s PAVI Green Renewable Energy Inc. of submitted the lowest bid of P3.40 per kWh for its 40.4 MW Naga solar project in Camarines Sur.

Other winning bidders for solar are Green Energy Solutions’ 99.98 MW, Talugtug solar project in Nueva Ejica (P3.41 per kWh) and Solar Philippines’ 200 MW Concepcion Tarlac 2 solar project, 280 MW Santa Rosa Nueva Ecija 2 solar project and 450 MW Tayabas solar project (P3.67 per kWh).

TechSolar Philippines’ 300 MW Kananga-Ormoc Solar Power project and its 120 MW, General Santos Solar project were also declared as winning bidders after submitting an offer of P3.6779 per kWh, well within the approved ERC rate of P3.6779 per kWh for solar.

For hydro capacities, Cordillera Hydro Power Corp. is the lowest bidder at P5.3876 per kWh for its 60 MW Kapangan hydro project.

Hedcor, Inc.’s 20 MW Sablan hydro project in Benguet offered P5.4714 per kWh.

The hydro projects complied with the ceiling rate for run-of-river hydro of P5.4913 per kWh.

Cotabato Sugar Central Company, Inc. offered P5.07 per kWh for its 3.4 MW biomass project in Mindanao, also within the P5.0797 per kWh ceiling rate for biomass capacity under GEAP.