The Green Energy Auction Bids Evaluation and Awards Committee (GEA-BEAC) of the Philippines' Department of Energy (DOE) has published a list of 19 winners of a recent auction to allocate 2 GW of renewable energy capacity. The GEA-BEAC launched the auction in January. It had previously pre-selected 24 bidders for the procurement exercise's final phase. Overall, it allocated 1,966.4 MW of renewables in the procurement exercise. About 119.1 MW of the total was hydropower, 1.490.3 GW was large-scale solar, 374 MW was wind power, and 3.4 MW was biomass. “The winning bidders were ranked based on their offers from the lowest to the highest bid price and stacked corresponding to the respective renewable energy technology per grid,” it said, without providing additional details. Source--https://www.pv-magazine.com/2022/06/27/philippines-allocates-1-57-gw-of-solar-in-2-gw-renewables-auction/
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