ACEN exec: GEAP results a wakeup call for industry

The low turnout in the second round of Green Energy Auction Program should serve as a wakeup call for industry players to double their efforts to help the government achieve a 35-percent renewable energy share in the power generation mix.

In July, the Department of Energy received commitments for only 3,580.76 megawatts out of the 11,600 MW offered under the GEAP2. It has yet to announce if it will rebid the remaining 8,019.24MW of unsubscribed RE projects for 2024 to 2026. The first round of GEA was conducted in June last year. It generated almost 2,000MW of capacities that were committed to deliver energy from 2023 to 2025.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toyota Motor Philippines: 35 years in the industry, and it’s still on a rollTOYOTA Motor Philippines Corporation (TMP) recently commemorated its 35 years of operations in the country, and what a fruitful 35 years it has been, as seen in some of the figures trotted out at this momentous event in its life:  TMP has locally produced over 1.03 million units; investments of…
Source: BusinessMirror - 🏆 19. / 59 Read more »