MANILA -The Department of Energy (DOE) has issued the notice of auction for 11, 600 megawatts (MW) of renewable energy capacity under the second round of its Green Energy Auction (GEA-2) program. The said capacity will have to be installed from 2024 to 2026. In a statement on Tuesday, the DOE said the notice of auction was issued on March 27 and the bidding's terms of reference (TOR) will be released 20 days after. It said the contracts will be awarded in June. 'While the GEA-2 is expected to encourage more investments in power generation, it further pursues to promote the growth of renewable energy (RE) as one of the country's primary sources of energy,' it said.

https://business.inquirer.net/394694/doe-issues-notice-of-auction-for-11600-mw-renewable-energy-capacity

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