Philippines utility Meralco launches 850MW renewables tender
25 January 2022
The Manila Electric Company (Meralco) has opened a tender to contract 850MW of generation capacity from renewable energy sources.
Through the procurement exercise, the power utility is seeking proposals to deploy around 600MW of capacity that will have to start providing power in February 2026, and another 250MW to begin commercial operations in February 2027.
Selected bidders will be granted a 20-year power purchase agreement (PPA). Interested developers will have until February 2 to submit their expressions of interest.
The government of the Philippines is also planning to introduce a Green Energy Tariff Program auction regime, under which it aims to allocate 2GW of renewable energy capacity. The country plans to install 15GW of clean energy by 2030.
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