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    Philippines Plans To Launch A Tender In June 2022 For 2GW Renewables Project


    May 16, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Philippines Plans To Launch A Tender In June 2022 For 2GW Renewables Project

      • 16 May 2022
      • Philippines
      • Infrastructure

      News: The Department of Energy of Philippines has earmarked June 17 2022 to launch the first round of tenders for 2GW of renewable projects under the Green Energy Auction Programme (Renewables Now). The federal government intends to award 1.26GW of solar capacity (900MW in Luzon, 260MW in the Visayas and 100MW in Mindanao), 380MW of wind (360MW in Luzon and 20MW in the Visayas), 230MW of biomass (120MW in the Visayas, 60MW in Luzon and 50MW in Mindanao) and 130MW of hydropower (80MW in Luzon and 50MW in Mindanao).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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