The Department of Energy (DOE) has officially issued the Notice of Award (NOA) for the Green Energy Auction 3 (GEA-3) on Tuesday, 10 June 2025, identifying the potential winning bidders, their proposed capacities, and corresponding Energy Regulatory Commission (ERC)-recommended Green Energy Tariff (GET) rates.
This announcement follows a rigorous multi-agency evaluation process designed to ensure transparency, competitiveness, and alignment with national renewable energy objectives. The NOA marks a critical step forward in meeting the Philippines’ clean energy targets and reinforcing long-term grid sustainability.
Highlights of GEA-3 Awards:
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Impounding Hydropower (DCP 2028–2030):
A total installation target of 300 megawatts (MW) was awarded to Pan Pacific Renewable Power Phils. Corp., which submitted two successful bids totaling the full 300 MW capacity. -
Pumped-Storage Hydropower (PSH) Lots 1, 2, and 3 (DCP 2028–2035):
With a combined target of 4,250 MW, the auction considered seven bids from developers including Coheco Badeo Corporation, Olympia Violago Water and Power, Inc., Ahunan Power Inc., Pan Pacific Renewable Power Phils. Corp., and San Roque Hydropower, Inc.. The aggregate offered capacity reached an impressive 6,350 MW, signaling strong industry confidence in large-scale energy storage solutions. -
Geothermal (DCP 2025–2027):
Three bids from Energy Development Corporation and Bac-Man Geothermal, Inc. were considered, offering a combined capacity of 30.887 MW toward a 100 MW installation target.
The auction process, held on 11 February 2025 via the DOE’s electronic bidding platform, underwent thorough legal and technical evaluations by the Green Energy Auction – Bids Evaluation and Awards Committee (GEA-BEAC). These were followed by financial assessments from the ERC, culminating in the finalization of awards through collaborative consultations held between April and May 2025.
Key Conditions of the NOA:
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Non-FIT Green Energy Tariff (GET):
ERC-approved rates per DC2023-10-0029, as amended, will apply. -
PSH Capacity Limitation:
The GET will apply strictly to the actual Offered Capacity, excluding the additional 50% margin, in accordance with the ERC’s Pricing Determination Mechanism (PDM) Rules. -
Cancellation of GEA Advisory No. 1, Item 3:
The limitation on post-20-year pricing has been revoked due to inconsistency with ERC’s PDM framework.
Post-Auction Compliance Requirements:
All potential winning bidders must confirm acceptance of the award in writing and submit the following within fifteen (15) calendar days from the NOA publication:
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Original Affidavit of Undertaking to deliver the offered capacity;
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Original Performance Bond.
Failure to meet these conditions will result in the forfeiture of the Bid Bond.
A Milestone in Renewable Energy Development
The successful rollout of GEA-3 reflects the Philippine government’s commitment to expanding renewable energy infrastructure and achieving its long-term clean energy vision. This round not only promotes investor confidence but also underscores the country’s strategic direction toward a sustainable, resilient, and low-carbon energy future.
