The Department of Energy increased the installation target for pumped storage hydro under the third round of the Green Energy Auction Program to 4,250 megawatts from 4,000 MW.
The DOE said this is meant to facilitate immediate and timely investments in new or additional renewable energy capacities and promote the growth of the industry. The total capacity involves 4,475 MW of new renewable energy capacity, covering both non-feed in tariff -eligible and FIT-eligible technologies.
RENEWABLE ENERGY GREEN ENERGY AUCTION PUMPED STORAGE HYDRO DEPARTMENT OF ENERGY PHILIPPINES
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