The Laguna Lake Development Authority (LLDA) has announced plans to auction approximately 2,000 hectares of land in the Laguna de Bay for the development of floating solar projects in the Philippines.

The agency has released the Implementing Rules and Regulations (IRR) of Laguna de Bay Renewable Energy Resources Utilization of 2022. The LLDA will auction off the allocation and grant of renewable energy areas (REA) under the IRR at a minimum bid price of PHP6 per square metre. These REAs are located in the east, south, and west bays of LDB, near the National Grid Corporation of the Philippines and Manila Electric Company substations. After the IRR takes effect, the LLDA can begin accepting bids for the pre-determined regions from interested parties.

A maximum of 100 hectares per block will be offered to each RE developer applicant. The winning bidder will be granted a 25-year REU contract that includes the project’s development, commissioning, and operation. The contract will be reviewed every five years by LLDA and is subject to agreed-upon terms and conditions.

The winning bidder will also be responsible for obtaining an environmental compliance certificate from the Department of Environment and Natural Resources’ Environmental Management Bureau, a renewable energy contract from the Department of Energy (DOE), and other permissions and approvals.

The REU contract holder will also need to obtain a Privilege to Operate Renewable Energy (PORE) from the LLDA, which allows the RE developer to suit sections of the LDB for RE operations.