The ERC issued the final Green Energy Auction Reserve prices for GEA-2 on June 15, with price caps ranging from P4.4043 per kilowatt-hour to P6.2683 per kWh, after developers clamored for increases due to high development costs.For one, the Philippine Solar and Storage Energy Alliance had called on the ERC to raise the GEAR price for floating solar, saying that the project cost for this particular technology was 20-percent higher than ground-mounted solar.
According to the DOE, a total of 1,968.89 MW was committed for the construction of ground-mounted solar projects that must be completed from 2024 to 2026; 9.39 MW of rooftop solar from 2024 to 2025; 90 MW of floating solar for 2026; and 1,512.38 MW of onshore wind from 2025 to 2026. The DOE noted that it would post the list of winning bidders on its official website by July 12, and that notices of award would be released on the same day.
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