Empowering the Energy Transition progress in Vietnam and the Philippines
BETA
POLICY BRIEFS
PHILIPPINES
This paper delves into the Philippine government's Green Energy Auction (GEA) Program, aimed at mitigating climate vulnerability through accelerated renewable energy (RE) investment. Despite challenges, the GEA-2 auction secured commitments for 3,440.76 MW of additional RE capacity, highlighting the need for higher RE ambitions, prompt grid expansion, and enhanced investor engagement to drive the country's clean energy transition.
Ambitious Auctions Lead to 3GW of New RE Despite Low Turnout
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VIETNAM
DPPA Awaits Full Deployment to Promote Private Sector for Vietnam's Net Zero Goals
This policy brief discusses Vietnam's Direct Power Purchase Agreement (DPPA) as a vital tool in achieving its COP26 commitments, aiming to attain net-zero emissions by 2050. While embedded in the Power Development Plan VIII, DPPA's implementation faces regulatory and grid challenges. Two mechanisms under consideration, enabling direct sale or financial/synthetic contracts for renewable energy, and call for collaborative efforts to fully unlock its potential benefits.