The Department of Energy (DOE) is set to release the winning bidders of the third Green Energy Auction Round (GEA-3) next week, pending the Energy Secretary’s signature, a DOE official said.
“Hopefully, by Monday. Hopefully…We’re just waiting for the secretary to sign,” DOE Undersecretary Rowena Guevara told reporters on the sidelines of the Asia Clean Energy Forum 2025.
The announcement follows a review of price offers under GEA-3 by the Energy Regulatory Commission (ERC).
The DOE announced in February the successful completion of GEA-3, with an offered capacity of 7,530 megawatts (MW), surpassing the installation target of 4,650 MW.
It said of the total offered capacity, 6,950 MW came from pumped storage hydro, which could serve as an energy storage facility to complement generation from variable renewable energy (VRE) sources like solar and wind.
The remaining capacity included 550 MW from impounding hydro and 30.887 MW from geothermal.
The auction round saw significant interest from industry stakeholders, with 14 projects submitted for delivery between 2025 and 2035.
The DOE said GEA underscores its commitment to fostering a fair and competitive environment for renewable energy development, ensuring transparency, innovation, and the deployment of cost-effective renewable energy technologies across the country. Alena Mae S. Flores
