Renewable power accounts for 30% of the capacity mix and 20% of power generation in the Philippines. Hydropower is the largest RE source in terms of capacity with 3.75 GW as of 2022, followed by geothermal and solar with 1.9 GW and 1.3 GW, respectively. The country has installed just 443 MW of wind capacity but has almost 47 GW of wind projects in the pipeline. The Philippines is the third in the world in terms of geothermal installed capacity, according to IRENA. It is also third and fourth in ASEAN in terms of wind and solar capacity, respectively. One of the major contributors to the growth of renewable energy in the Philippines has been the Renewable Energy Act of 2008, which provides a legal framework for the development and promotion of renewable energy in the country. The Philippines National Renewable Energy Programme (NREP) 2020-2040 aspires to achieve a 50% RE share by 2040.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS 

03 COMPETITIVE LANDSCAPE 

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT 

06 SOLAR ENERGY 

07 HYDROPOWER 

07 WIND ENERGY