PH GEA-4: Overview of Preliminary Bids & Accepted Bids

Department of Energy Philippines has released the preliminary list of accepted bids for Green Energy Auction 4. With 111 bids totaling 9.4GW accepted, the round drew broad participation across technologies and investor types.

Key signals from this round:

- Strong local demand and concentration of scale, with much of the capacity taken by established incumbents and nearly half secured by the top three developers (San Miguel Global Power, Citicore Renewable Energy Corporation (CREC), and SunAsia Energy, Inc.)

- OEMs pivoting towards self development, underscoring the growing role of technology players in project pipelines

- Diverse investor participation, ranging from domestic conglomerates to international developers and financial sponsors

- Foreign appetite expanding, as global players capture meaningful shares in onshore wind and broaden their role in the market

- Hybrid and storage linked models gaining traction, with IRESS bids pointing to the rising importance of diversification and resilience in future rounds

These outcomes highlight both the strength of domestic champions and the expanding role of global entrants in shaping the Philippine renewables sector.

Read more at:

https://www.linkedin.com/posts/indexpartners_gea4-preliminary-results-of-accepted-bids-activity-7372187303202471937-VmbK?utm_source=share&utm_medium=member_desktop&rcm=ACoAADL_CqIBat8kYPhVxiwAsHIwUSCsQEVvEhs