DOE announces 2024-2026 auction plans for green energy

The Department of Energy released the terms of reference (TOR) for the 2nd round of the Green Energy Auction (GEA2) Program.

This followed the publication of the notice of auction (NOA) on 27 March 2023.

DOE said the TOR supplements the provisions of the GEAP guidelines and will govern the rules and procedures of the auction process.

The TOR is issued every auction round consisting of major GEA instruments such as auction design, bonds, instruction to bidders, bidding data, forms, and templates, and post auction requirements.

Based on the TOR for 2024, the DOE is auctioning ground-mounted solar in Luzon of 1,420 MW, Visayas 325 MW and Mindanao 280 MW.

It will also auction roof-mounted solar of 160 MW for Luzon, 45 MW for Visayas and 30 MW for Mindanao.

Also in the auction block is 800 MW of onshore wind for Luzon and 400 MW in Visayas and biomass at 20 MW for Luzon.