Philippines Renewables Sector Report 2024-2025

Renewable sources of energy account for some 30% of the power capacity mix and 20% of power generation in the Philippines. In 2023, at 3.75 GW, hydroelectric power was the largest renewable energy (RE) source in the country in terms of capacity, followed by solar and geothermal at at 2.3 GW and 1.95 GW, respectively. Wind power installed capacity in 2023 was 593 MW but there are plans to expand capacity in this segment to nearly 48 GW. In terms of geothermal installed capacity, the Philippines ranks third in the world, according to the International Renewable Energy Agency (IRENA). Within ASEAN, the Philippines comes third in terms of wind installed capacity and fourth in terms of solar installed capacity. One of the major contributors to the growth of the renewable energy sector in the Philippines is the Renewable Energy Act of 2008, which provides a legal framework for the development and promotion of renewable energy in the country. Under the Philippines National Renewable Energy Programme (NREP) 2020-2040, the share of renewable energy in the country's generation mix is supposed to reach 50% by 2040.

This report provides a complete and detailed analysis of the "Renewable energy" sector for Philippines. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Renewable energy" sector in Philippines
• Crystallise the forces both driving and restraining this sector in Philippines
• Ascertain Philippines’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Philippines.
• Build a clear picture of trends, output and consumption for specific sub-sectors