Philippines awards 1.5GW of solar PV in maiden renewables auction

Facebook
Twitter
LinkedIn
Reddit
Email
The auction’s first round supported just under 1.5GW of solar PV. Image: MERALCO.

Nearly 1.5GW of solar PV in the Philippines has been contracted through the country’s new renewables auction round.

The results of the auction, confirmed by the country’s Department of Energy (DOE), show that nearly 2GW of renewables projects were awarded contracts through the Green Auction Program and are now contracted to deliver power from 2023 until 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Contracts are to be struck at prices lower than or equal to an auction reserve price set by the country’s Energy Regulatory Commission. The resulting price will be further used as benchmark price for renewables to “reflect the current value of electricity”, the energy department said.

Projects to be awarded contracts are located on three regions of the Philippines, namely Luzon, Visayas and Mindanao. More than 1GW of solar PV will be supported through the mechanism in Luzon, while 300MW and 120MW of solar PV will be supported in Visayas and Mindanao respectively.

Local developer Solar Philippines secured the significant majority of contracts awarded to solar PV, securing support for three projects in Luzon with a combined capacity of 930MW as well as both the projects in Visayas and Mindanao.

Other solar PV winners include PAVI Green and Greenergy Solutions.

Last week Solar Philippines revealed plans to develop up to 10GW of solar PV in the country with projects set to come online between 2025 and 2026.

Green Auction Program tenders are to be conducted on a yearly basis under the Philippines’ decarbonisation agenda and the DOE has encouraged parties unsuccessful in this round to participate in future rounds.

17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

January 21, 2025
Malaysia’s Ministry of Energy Transition and Water Transformation (PETRA) has opened a tender seeking 2GW of large-scale and floating solar PV.
January 17, 2025
Emirati state-owned renewable energy project developer Masdar has entered the Philippines market with plans to develop 1GW of solar PV, wind and battery energy storage systems (BESS).
December 16, 2024
Opening bids for the largest centralised procurement tender in China’s PV history have come in, with 51GW each of PV modules and inverters on the table.
December 4, 2024
Solar will form the cornerstone of Indonesia’s renewable power sector, according to forecasts made by think tank Ember Climate.
December 2, 2024
The DOC issued a list of companies on Friday (29th November) that it says are exporting solar cells to the US at prices below production costs, a practice known as “price dumping”.
November 25, 2024
Philippines president Ferdinand Marcos Jr attended as construction began on what is thought to be the world’s largest power plant to combine solar PV and battery storage.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany