DoE announces GEA-4 with 142 bidders aiming for 10,653 MW of renewable energy

The Department of Energy (DoE) announced on Thursday that 142 bidders have qualified for the fourth round of the Green Energy Auction (GEA-4), aiming to install over 10,653 megawatts (MW) of renewable energy capacity.

Notable participants include major power developers such as San Miguel Global Power Holdings Corp., ACEN Corp., Aboitiz Power Corp., First Gen Corp., Alternergy Holdings Corp., Citicore Renewable Energy Corp. (CREC), Basic Energy Corp., NexGen Energy Corp., and PetroEnergy Resources Corp.

The auction offers a mix of solar and wind projects, including 9,553 MW through ground-mounted, rooftop, floating solar, and onshore wind projects, with an additional 1,100 MW allocated for hybrid solar systems integrated with energy storage technologies.

CREC submitted the most bids among all qualified entities, with 29 project proposals.

The virtual pre-bid conference is scheduled for July 28, followed by the auction on September 2, with results expected to be released on October 22.