Twenty-four bidders participated in the country’s first green energy auction held last week.The DOE, through the Green Energy Auction Bids Evaluation and Awards Committee (GEA-BEAC),conducted the Green Energy Auction Program (GEAP) last Friday. Know more:
The Department of Energy , through the Green Energy Auction Bids Evaluation and Awards Committee , conducted the Green Energy Auction Program last Friday.
The DOE said that the success of this competitive process will set the benchmark for the future auction rounds, as the resulting Green Energy Tariff will reflect the value of electricity. Through the GEAP, the DOE paved the way for immediate and timely investments; supported the development of, and increased financing access for new or additional capacities under a competitive process; as well as implemented programs that promote environmental sustainability, which will aid the country’s transition to renewable energy .
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