October 2024
The Green Energy Auction Program (GEAP) is transforming the Philippines' path toward sustainable energy. We're excited to share a GEAP Primer to help developers and investors understand the auction process, key mechanics, and opportunities in upcoming rounds.
With up to 16GW of renewable energy capacity - including solar, wind, battery, hydro, and biomass - up for bidding in GEA3, GEA4, and GEA5, GEAP aims to significantly bolster the country's renewable energy goals. The program ensures transparency through Green Energy Auction Reserve (GEAR) prices, facilitating cost-effective bids while maintaining developers' financial viability. Winning bidders secure Renewable Energy Payment Agreements (REPAs), ensuring long-term revenue stability.
At Index Partners, we provide full support—from pre-qualification to bid submission—helping developers secure offtake contracts and forge strategic partnerships. Our deep expertise in auction mechanics ensures compliance and maximizes bid value.
Join us in this renewable energy revolution!
Download the GEAP Primer and contact us to explore how you can participate in this transformative program.
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