Solar Philippines captured the bulk of power capacities offered during the Department of Energy’s auction of 2,000 megawatts of renewable energy.
The DOE released the Green Energy Auction Program winning bids on Friday after the electronic bidding on June 17.
“The winning bidders were ranked based on their offers from the lowest to the highest bid price and stacked corresponding to the respective RE technology per grid,” the DOE said in the notice of award signed by Energy Secretary Alfonso Cusi.
The Green Energy Auction Bids Evaluation and Awards Committee evaluated the bids in accordance with the terms of reference and auction round procedures for the first Green Energy Auction Round.
Solar Philippines won 70 percent of the capacity in the auction, capturing 1,380 MW of the 1,966 MW bids offered across all technologies.
It captured 91 percent of all solar capacity at 1,350 MW of the 1,490 MW solar capacity auctioned.
Solar Philippines’ winning bids for Luzon include the 200-MW Concepcion Tarlac 2 solar project, 280-MW Santa Rosa Nueva Ecija 2 solar project and 450-MW Tayabas solar project.
Solar Philippines’ 300-MW Kananga-Ormoc Solar Power project won the bid for Visayas while its 120-MW General Santos Solar project won the bid for Mindanao.
Its 30-MW Calatagan wind project also won in the auction for wind capacity.
The other winning bidders for the Luzon area are Cordillera Hydro Power Corp.’s 60-MW Kapangan hydro project and Hedcor Inc.’s 20-MW Sablan hydro project.
Other winning bids for solar capacities are PAVI Green Renewable Energy Inc.’s 40.4-MW PAVI Green Naga solar project and Green Energy Solutions Inc.’s 99.98-MW Talugtug solar project in Luzon. Alena Mae Flores
Winning bids for Luzon wind capacity are Amihan Renewable Energy Corp.’s 70-MW Caparispisan II wind project, Bayog Wind Power Corp.’s 160-MW Balaoi and Caunayan wind project and CleanTech Global Renewables, Inc.’s 100.8-MW Kalayaan 2 wind project.
Meanwhile, Petrowind Energy Inc.’s 13.2-MW Nabas 2 wind project won the bid for wind capacity in the Visayas.
Philnewriver Power Corp. corned all hydro supply in Mindanao with its 3.7-MW Malitbog hydro project and 3.7-MW Silo-O hydro project, 4.85-MW Mat-I hydro project and 6.9-MW Clarin hydro project.
Meanwhile, Cotabato Sugar Central Company Inc. will supply 3.4 MW of biomass capacity in Mindanao.
Cusi said all winning bidders should submit to the DOE their respective affidavit of undertaking and the corresponding performance bond within 35 to 60 calendar days, respectively, from the posting of the notice of award.
He said the first green energy auction “is a significant step in encouraging more power generation investments in renewable energy while protecting the interest of Filipino consumers―a testament to the country’s commitment to developing indigenous and clean sources of energy at competitive prices.
The Energy Regulatory Commission set the Green Energy Auction Reserve for the auction at the following prices: solar at P3.6779 per kilowatt-hour, wind at P6.0584 per kWh, biomass at P5.0797 per kWh and run-of-river at P5.4913 per kWh.