The Department of Energy (DOE) is further boosting renewable energy (RE) development by working with the Manila-based Asian Development Bank (ADB) and the National Electrification Administration (NEA) for a single window auction.

“We will bid out available NEA facilities for RE development, with complete information and package. It’s already listed in the transmission development plan,” DOE Assistant Secretary Mylene Capongcol said during the 15th anniversary celebration of the Philippine Solar and Storage Energy Alliance (PSSEA) in Pasig City Tuesday.

Capongol said they are waiting for the detailed proposal and the policy framework from the ADB, which will serve as the transaction advisor, and the signing of the memorandum of agreement with NEA will follow.

She expressed optimism for the program, noting that the Philippines is the second in the world in terms of being an attractive RE market.

The government bids to increase the share of RE in the total energy mix of the country to about 35 percent by 2035 and 50 percent by 2040.

To date, RE’s share in the country’s energy mix is around 22 percent.

Capongcol said there are currently around 544 active solar projects nationwide, with a total installed capacity of around 2,425 megawatts (MW).

This capacity is provided by roof-mounted, ground-mounted, and floating solar-energy sources, she added. 

PNA PHOTO