The Department of Energy (DOE) announced the successful auction of 9,423.622 megawatts (MW) of renewable energy (RE) capacity under the fourth round of the Green Energy Auction Program (GEA4), securing 88 percent of the 10,653 MW installation target.
In a statement, the DOE said the auction attracted 111 accepted bids from a wide range of RE technologies—including ground-mounted, roof-mounted, and floating solar, onshore wind, and integrated solar with energy storage systems (IRESS).
The DOE emphasized the policy significance of GEA4, highlighting the program’s role in accelerating clean energy deployment through competitive pricing. Bidders offered rates at or below reserve prices set by the Energy Regulatory Commission, enabling incentivized RE development.
Energy Secretary Sharon Garin lauded the outcome, saying: “The results of GEA4 affirm the strong partnership between government and the private sector in driving RE deployment… we are ensuring that our transition is ambitious, inclusive, and resilient.”
While most targets were subscribed, the DOE noted that certain segments—particularly floating solar, onshore wind, and IRESS—remained partially unsubscribed. These will be re-offered to qualified bidders who had submitted surplus bids, ensuring full utilization of capacity targets.
Winning bidders are now set to undergo post-auction compliance, including submission of technical and financial requirements. Projects awarded in this round are expected to begin energy delivery between 2026 and 2029.
Experts, including Institute for Climate and Sustainable Cities executive director Angelo Kairos dela Cruz, commended the DOE’s adaptive policy approach, saying:“GEA4’s success sends a strong signal… the DOE’s ability to learn from past rounds has strengthened its credibility and effectiveness.”
Earlier, the DOE said that if all GEA rounds were implemented in full, power rates could drop below ₱1 per kilowatt hour (kWh) on average by 2050, underscoring the long-term economic impact of sustained renewable energy investment.
To date, the total renewable energy capacity offered across five GEA rounds stands at 26,210.978 MW.
