Philippine group urges faster renewable energy auctions to meet 2030 and 2040 goals.

The Philippine Solar and Storage Energy Alliance (PSSEA) is urging the Department of Energy to expedite the fourth round of the Green Energy Auction (GEA-4) to maintain investor confidence. The auction is crucial for the country’s renewable energy goals, aiming for a 35% share by 2030 and 50% by 2040. The PSSEA emphasizes that delays could impact funding commitments and the inclusion of renewable energy with storage systems could help accelerate solar capacity and enhance grid stability.

2 months ago
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