The Department of Energy said the Green Energy Auction Program generated competitive rates especially for wind capacities that will redound to the benefit of consumers.
Amihan Renewable Energy Corp.’s 70-megawatts Caparispisan II wind project in Pagudpud, Ilocos Norte offered the lowest bid of P3.8583 per kilowatt-hour during the auction held in June.
Its offer was 36 percent lower than the ceiling imposed by the Energy Regulatory Commission at P6.0584 per kWh for wind capacities. Amihan is one of the five winning bidders for wind capacities offered under GEAP.
Other winning bidders are Solar Philippines Calatagan Corp. which offered P4.1998 per kWh for its 30-MW Calatagan wind project, Bayog Wind Corp.’s 160-MW wind project in Pagudpud, Ilocos Norte which offered P4.4386 per kWh and CleanTech Global Renewables Inc.’s 100-8 MW Kalayaan 2 wind project with P4.6368 per kWh offer.
Petrowind Energy Inc. offered P5.755 per kWh for its 13.2-MW wind project in Aklan. The wind projects are expected to be completed by 2025.
PAVI Green Rnewable Energy Inc.’s 40.4-MW PAVI Green Naga solar project in Camarines Sur offered the lowest bid for solar at P3.40 per kWh.
Green Energy Solutions Inc.’s 99.98-MW Talugtug solar project in Nueva Ejica followed with P3.41 per kWh.
Solar Philippines Commercial Rooftop Projects Inc. offered P3.67 per kWh for three projects including the 200-MW Concepcion Tarlac 2 solar project, 280-MW Santa Rosa Nueva Ecija 2 solar project and 450-MW Tayabas solar project.
Solar Philippines offered P3.6779 per kWh for two other projects including the 300-MW Kananga-Ormoc Solar Power project in the Visayas and the 120-MW General Santos Solar project in Mindanao.
The regulator approved a GEAR rate of P3.6779 per kWh for solar capacities offered under GEAP.
Cordillera Hydro Power Corp. offered the lowest bid among the hydro developers with P5.3876 per kWh for its 60-MW Kapangan hydro project.
Other winning bidders for hydro projects are Hedcor Inc.’s 20-MW Sablan hydro project in Benguet at P5.4714 per kWh and Philnewriver Power Corp. which offered P5.49 per kWh for its hydro projects in Mindanao including the 3.7-MW Malitbog, 3.7-MW Silo-O, 4.85-MW Mat-I hydro and 6.9-MW Clarin hydro projects.
The ERC set the GEAR rate for run-of-river hydro projects at P5.4913 per kWh.
Cotabato Sugar Central Company Inc. offered P5.07 per kWh for its 3.4-MW of biomass capacity in Mindanao, slightly lower than the GEAR rate for biomass of P5.0797 per kWh.
