Killing ‘zombie’ projects: Philippines bets big on offshore wind
The Department of Energy is planning to bid out up to 25 GW of capacities in the next decade
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WHEN the Philippine government finalised its first green energy auction programme (Geap) in 2022, officials called it a success for its climate policy.
The programme called for public developers to bid the lowest price they could offer to build renewable energy (RE) projects such as solar and wind farms. In turn, the government ensured the projects would be utilised.
By the end of the first auction, 2 gigawatts (GW) were taken up – the entire capacity offered by the government. The projects were expected to be completed by 2025.
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