13 Firms Shortlisted for Third Green Energy Auction
The Department of Energy (DOE) has shortlisted 13 power companies for the third Green Energy Auction (GEA-3), reflecting a growing commitment to renewable energy in the Philippines. The DOE announced on January 28 that these firms are eligible to participate in the upcoming auction, which will offer contracts for hydropower and geothermal projects totaling 4,475

By Staff Writer
The Department of Energy (DOE) has shortlisted 13 power companies for the third Green Energy Auction (GEA-3), reflecting a growing commitment to renewable energy in the Philippines.
The DOE announced on January 28 that these firms are eligible to participate in the upcoming auction, which will offer contracts for hydropower and geothermal projects totaling 4,475 megawatts (MW).
Qualified bidders include Energy Development Corporation, Bac-Man Geothermal Inc., First Gen Hydro Power Corporation, Ahunan Power Inc., and Olympia Violago Water and Power Inc. Also on the list are San Roque Hydropower Inc., Maibarara Geothermal Inc., Repower Energy Development Corporation, Pan Pacific Renewable Power Phils. Corporation, Pulangi Hydro Power Corporation, United Hydro Power Builders Corporation, and COHECO Badeo Corporation.
These companies have until February 5 to submit proof of their bid bonds. The auction is scheduled for February 11, with notices of award expected as early as May and certificates of award anticipated between June 6 and July 4.
The GEA program is central to the government’s strategy to increase renewable energy capacity, aiming for a 35% share in the national energy mix by 2030 and 50% by 2040.
Energy Secretary Raphael P.M. Lotilla emphasized the program’s role in promoting competition and transparency, stating, “By promoting competition and transparency, we are ensuring that the Philippines remains at the forefront of the global move towards a cleaner and more sustainable energy future.”
The GEA-3 targets a total of 4,475 MW of new renewable energy capacity, covering both non-feed-in-tariff (Non-FIT) eligible and FIT-eligible technologies.
This initiative aligns with the National Renewable Energy Program’s goals and reflects the country’s commitment to sustainable energy development.
The participation of these 13 companies underscores the growing interest in renewable energy projects, which are expected to play a crucial role in meeting the Philippines’ increasing electricity demand while ensuring environmental sustainability.
For more information on the GEA-3 and the list of qualified bidders, visit the Department of Energy’s official website.
Article Information
Comments (0)
LEAVE A REPLY
No comments yet
Be the first to share your thoughts!
Related Articles

PH financial system remains resilient in second half of 2025 – BSP
The Philippine financial system sustained its resilience in the second semester of 2025, supported by sound balance sheet growth, stable funding conditions, and robust capital and liquidity buffers, according to the Bangko Sentral ng Pilipinas (BSP). The Philippine banking system accounted for 83.2 percent of total financial system resources as of end-December 2025. Total assets


