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DOE: Offshore wind auction set in 3rd Quarter next year
The Philippine Star
|December 13, 2024
The Department of Energy (DOE) is set to launch the green energy auction (GEA) for offshore wind projects as early as July 2025, aiming to deliver the first kilowatts by 2028.
The launch of GEA-5 in the third quarter next year would bolster the development of offshore wind projects in the country, setting a clear path for developers and other stakeholders, the DOE said.
"As a cornerstone of the Philippine Energy Plan 2023-2050, GEA-5 exemplifies the government's unwavering commitment to renewable energy (RE) deployment, energy security and the nation's energy transition agenda," it said.
The DOE has yet to issue the notice of auction and terms of reference outlining the timeline, procedures and guidelines for participation in the GEA-5.
This story is from the December 13, 2024 edition of The Philippine Star.
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