The Department of Energy announced Tuesday that the suspension of the fifth Green Energy Auction Program will end in September, with the actual bidding for up to 3,300 megawatts of offshore wind capacity targeted for December 1, 2026. The pause was declared earlier this month to let authorities review and align requirements on permits, fees, bonds, port readiness, and related logistics in coordination with other agencies. Qualified bidders will compete for incentive-backed rates capped at P11 per kilowatt-hour, with nine developers advancing past the first screening round from over 20 original applicants. Further reviews will check transmission access and project viability, with completion targeted between 2028 and 2030. The move comes as the country works to unlock its estimated 178,000 megawatts of offshore wind potential, while all current wind capacity remains onshore at 450 megawatts or 1.4 percent of the power mix. In a separate update, total national fuel supply stood at 44.74 days as of July 27, with gasoline and fuel oil stocks rising while diesel, kerosene, jet fuel and LPG showed mixed movements compared to mid-July levels.
DOE sets December date for offshore wind auction; fuel supply levels updated
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