Tuesday, July 2, 2019

Philippines: Government Proposes Auction of 2,000 MW Renewable Energy

DOE plans auction of renewable power (The Philippine Star)

(Courtesy CIA.gov)
The Philippines Department of Energy (DOE) is proposing to auction off 2,000 megawatts (MW) of renewable energy capacity to encourage developers to put up renewable energy (RE) projects, according to a top official of the agency.

The DOE is working on an RE program to attract investors in putting up clean energy power projects, Energy Secretary Alfonso Cusi said during the pre-SONA Economic and Infrastructure Forum Monday.

“We want to build 2,000 MW of RE in 10 years (through) RE auction and green energy rate to motivate investors in the RE program,” Cusi said.