Negosyante News

February 24, 2025 4:44 pm

PH Plans Green Energy Auction in 2025, Sees Strong Solar Investment Growth

MANILA, Philippines – The Philippine government is set to hold another Green Energy Auction (GEA) in 2025, aiming to boost solar and renewable energy investments, Energy Secretary Raphael Lotilla announced.

🗣 “Our expectation is that interest from solar companies will be high,” Lotilla said, noting that more Filipinos and government offices are adopting solar panel installations.

Key Highlights:

  • Third GEA (GEA-3) exceeded targets, securing 7,500 MW of committed renewable energy, surpassing the 4,650 MW goal.
  • The initiative aligns with the Philippines’ renewable energy targets:
    • 35% share in the power mix by 2030
    • 50% share by 2040
  • The program ensures a competitive selection process for firms looking to develop renewable energy projects.

With increasing private sector interest, the Philippines continues its push toward a more sustainable energy future. 🌱⚡

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *

Subscribe to Our Newsletter and get a free pdf:

Sign Up for negosyante news

and receive a copy of The Crypto Cheat Sheet (PDF)
and NFT Cheat Sheet for free!

* indicates required