The DOE has upgraded the installation target for PSH technologies to 4,250 megawatts from 4,000 MW, a move aimed at addressing the country's growing energy demand in the long term.
The government expects the country's peak demand to reach 42.8 gigawatts by 2040, a significant increase from 16.6 GW recorded in 2022.
The adjustment to the PSH capacity was included in the supplemental guidelines and modification to the notice of auction and terms of reference for GEA-3 slated this year.
Of the total targeted capacity, 4,000 MW are expected to be built across two lots in Luzon, while the remaining 250 MW will be developed in a lot in the Visayas.
These PSH projects are targeted for delivery between 2028 and 2035.
This story is from the January 02, 2025 edition of The Philippine Star.
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This story is from the January 02, 2025 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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