DOE flags solar non-delivery, enforcing stricter executionFrom AB Capital's The Opening Bell: Three MovesEventThe DOE flagged potential P24bn penalties for Solar Philippines following large-scale non-delivery of GEA-awarded solar projects, contributing to a total of 17.9GW of RE contracts terminated or relinquished by the DOE in 2024-2025. The terminations are concentrated among developers with aggressive bidding and limited execution progress. ViewThe disclosure reinforces execution and credibility risks within the GEA framework, rather than concern over system adequacy. We think the penalties help clean up awarded capacity and support more rational clearing prices in future rounds by reducing speculative overhang. CatalystWatch for additional developers flagged by the DOE, clarity on penalty enforcement, and whether terminated capacity is re-auctioned under tighter rules (higher bid bonds, stricter milestones).

Source: Philippine Star January 14, 2026 07:29 UTC