Acciona Energía, a leading Spanish renewable energy company, has secured two significant 20-year power supply contracts to deliver 281 MW of clean energy from its new solar and wind projects in the Philippines. The contracts were awarded through the Philippines’ second Green Energy Auction (GEA-2), a key initiative organized by the Department of Energy to advance the nation’s clean energy transition.
1.2 GW of New Contracts Awarded in Landmark Auction for Philippines Renewable Energy
The Philippines recently awarded a total of 1.2 GW of renewable energy capacity through its second Green Energy Auction (GEA-2). This government initiative is a critical component of the national strategy to increase the share of renewables in the country’s energy mix and reduce reliance on fossil fuels.
The newly auctioned capacity is predominantly solar, with 1.13 GW awarded, supplemented by 70.15 MW of wind and 42.05 MW of hydropower. According to a report from PV Magazine, the Department of Energy (DOE) confirmed that the auction achieved a competitive weighted average price of 3.42 PHP/kWh (€0.06/kWh), signaling strong investor confidence and falling technology costs.
While Acciona Energía secured the largest share with 281 MW, the DOE also awarded significant capacity to other key players. Major winners included Filipino company JBD Management & Consulting Services (170 MW), Philippine firm Terasu Power (100 MW), and the Philippines-based Solar Philippines Commercial Rooftop Projects (100 MW).
Other successful local bidders included Solar Philippines Nueva Ecija Corp. and Negros PH Solar, each securing 80 MW. Solar Philippines Batangas Baseload Corp. was awarded 50 MW, and Solar Philippines Tanauan Corp. received 30 MW. The smallest award went to Filipino company PH Renewables, which secured 10 MW.
Acciona Energía’s Winning Projects in the Philippines Renewable Energy Sector
Acciona Energía’s successful bid includes two strategic projects that will provide long-term, stable, and clean power to the national grid. The 20-year contracts offer revenue certainty and underscore the viability of large-scale renewable investments in the country.
The 180 MW Daanbantayan Solar Plant, to be located in Cebu, will be a major contributor to the region’s power supply. Construction is slated to begin before the end of 2025, with operations anticipated by late 2026. Notably, the facility is also planned to be co-located with a Battery Energy Storage System (BESS), enhancing grid stability and ensuring a reliable power supply. The development of such a large-scale facility relies on understanding the basics of solar panel manufacturing to ensure efficiency and durability.
The second project is the 101 MW Kalayaan 2 Wind Farm in Laguna province. This wind farm is already under construction and is expected to commence operations in 2026, adding much-needed wind power capacity to the Luzon grid.
Acciona Energía Deepens Its Commitment to Southeast Asia with Philippines Renewable Energy
This successful bid in the Philippines is a cornerstone of Acciona Energía’s broader strategy to expand its footprint across Southeast Asia. The company has identified the region as a key growth market, driven by increasing energy demand and strong governmental support for decarbonization.
Acciona Energía has a robust development pipeline of over 2 GW in the Philippines, highlighting its long-term vision for the country. The company has been active in the Philippines since 2016, contributing to major infrastructure works like the Cebu-Cordova Link Expressway, which demonstrates its deep-rooted commitment to the nation’s development. Alongside the Philippines, the company is focusing its expansion efforts on other high-potential markets such as Thailand and Vietnam.
The success in the GEA-2 auction not only marks a significant milestone for Acciona Energía but also reinforces the Philippines’ position as an attractive destination for renewable energy investment. As these projects move forward, they will play a vital role in helping the country achieve its clean energy goals while fostering economic growth and energy security.
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