A Pomp-Hydro storage facility in Lithuania
Image: Shimatonis/Wikimedia Commons/https: //bit.ly/36m5asp
By ESS News
The Filipino Ministry of Energy (DIY) said on Tuesday that his GEA-3 auction round, aimed at technologies that are not eligible for feed-in rate (Fit) such as pumped hydroplaats, seized hydropower and geothermal stakeholders.
A total of 14 projects, with delivery period from 2025 to 2035, were submitted in the auction with a cumulative capacity of 7.5 GW, which exceeded the installation goal of 4,650 MW.
Offers for pumped Hydro storage projects reached 6,950 MW, whereby the 4,250 MW target installation was surpassed.
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