From the preliminary prices released in April, the adjusted price caps reflected an increase for ground-mounted solar, rooftop solar, floating solar, and biomass, and a decrease for wind.
Industry stakeholders have been asking the ERC for higher green energy auction reserve prices, especially for floating solar technology, citing construction and operation costs.Published on Friday, the list of final GEAR prices are as follows:- Floating solar: ₱5.
During the GEA's first round in June last year, the DOE said it awarded 19 contracts to renewable energy developers, generating a volume of almost 2,000 megawatts to be delivered by 2023 to 2025. The GEA-2 is targeting a total of 11,600 megawatts for renewable energy capacity installed in the next three years, specifically 3,600 MW in 2024, 3,600 MW in 2025, and 4,400 in 2026.
The Department of Energy has yet to announce a new date of the auction proper after it issued an advisory postponing the supposed bidding event on June 19.
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