Philippines suspends 3.3GW offshore wind auction

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Philippines suspends 3.3GW offshore wind auction

AI Summary

The Philippine Department of Energy has suspended the current Green Energy Auction round that involved bidding for up to 3.3GW of offshore wind capacity. The suspension seeks to recalibrate the auction due to implementation issues affecting the bidding process.

The Philippine Department of Energy (DOE) has suspended all activities under the fifth Green Energy Auction round, putting the bidding for incentives covering up to 3.3GW of fixed-bottom offshore wind capacity on hold. The DOE said the suspension would allow it and other government agencies to recalibrate the auction, considering implementation issues that could affect …

World Politics Markets Energy Philippines Department of Energy offshore wind green energy auction wind capacity energy policy auction suspension

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