DOE eyeing 114 prospective bidders in new hydro, geothermal projects
Published January 8, 2021, 7:00 AM The Department of Energy (DOE) is eyeing 114 prospective bidders in the 22 geothermal and hydropower ventures that it is offering to investors via the third open and competitive selection process (OCSP-3), an auction system in the award of service contracts for renewable energy (RE) projects. The department formally launched its third round of OCSP on January 5; and had dangled pre-determined areas (PDAs) of at least five geothermal and 17 hydropower projects – that if taken together could yield up to 150 megawatts. Energy Secretary Alfonso G. Cusi (Phot...
Source: mb.com.ph