Stay informed of the latest happenings and headlines in the Philippine Power Industry with Mabuhay Energy’s Weekly News Spotlight! This week, we're featuring key articles from the Power Industry’s Regulatory sector that are shaping the energy landscape: Spotlight: 𝐃𝐎𝐄 𝐭𝐨 𝐡𝐨𝐥𝐝 𝐭𝐰𝐨 𝐠𝐫𝐞𝐞𝐧 𝐞𝐧𝐞𝐫𝐠𝐲 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫 The Department of Energy (DOE) said it is preparing to conduct two green energy auctions (GEA) before the end of the year which targets RE technologies such as geothermal, pump-storage hydro, run-of-river hydro, and impounding hydro, with plans for another next year to include offshore wind energy. The DOE is also targeting holding a fourth round of GEA this year, which involves renewable energy technologies and energy storage systems. READ MORE: https://www.bworldonline.com/corporate/2024/07/11/607333/doe-to-hold-two-green-energy-auctions-this-year/ 𝐃𝐎𝐄 𝐬𝐚𝐲𝐬 𝐏𝐇 𝐦𝐮𝐬𝐭 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐦𝐩𝐚𝐫𝐞𝐝 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚, 𝐂𝐡𝐢𝐧𝐚 𝐢𝐧 𝐜𝐨𝐚𝐥 𝐮𝐬𝐞 In a statement, the DOE said the power generation mix of the Philippines cannot be directly compared with large economies like China and Indonesia because of differences in demographic, economic, and energy profiles. The DOE noted that according to the latest Global Energy Monitor Report, as of January 2024, China's coal power plant capacity is at 1,136.7 GW, and Indonesia's is at 51.6 GW. The Philippines, meanwhile, only has 12.1 GW. READ MORE: https://news.abs-cbn.com/business/2024/7/10/doe-says-ph-must-not-be-compared-with-indonesia-china-in-coal-use-1434 Image sources: BusinessWorld Online, ABS CBN News Do you want to stay abreast of the headlines in the Philippine Power Industry? Subscribe to our weekly newsletter today! Talk to our energy professionals by sending an email to info@mabuhayenergy.com. Mabuhay Energy, Your Partner For Growth. Our roster of enthusiastic and experienced energy professionals is ready to make your electricity savings a reality! Visit mabuhayenergy.com or email us at sales@mabuhayenergy.com and schedule your free consultation to begin your energy savings journey! 🔌