According to the agency, he auction is conducted under the “green energy” auction program (GEAP) guidelines. It forms part of the DOE’s broader strategy to achieve renewable energy targets outlined in the Philippine Energy Plan 2025-2050 and the National Renewable Energy Program.

The DOE chose fixed-bottom offshore wind for GEA-5 due to its, “established track record, cost-efficiency and scalability.” The agency said this approach aims to expedite the near-term deployment of offshore wind and help provide large-scale and reliable renewable energy.