The International Energy Agency (IEA) has identified the Philippines as having the most number of renewable energy (RE) plans in Southeast Asia by 2030. According to the IEA’s “Southeast Asia Energy Outlook 2024,” the Philippines is aiming for a 3.7 percent increase in RE capacity, higher than Indonesia’s 3.6 percent.
The government has updated its National Renewable Energy Program to a target 35 percent share of renewable energy in the power generation mix by 2030. Key initiatives, such as the Green Energy Auction Program and renewable portfolio standards, are expected to drive this growth. Additionally, increased foreign investment is anticipated following the easing of ownership restrictions.
However, the Department of Energy (DOE) recently reported that 105 RE projects face possible termination due to non-compliance with timelines, mostly solar and hydropower projects. Despite these challenges, the DOE is committed to monitoring progress and streamlining processes to enhance project execution.
Currently, renewable energy constitutes 29.7 percent of the country’s total on-grid capacity, equal to 8,416 megawatts.
