The Department of Energy (DOE) expects strong investment momentum in the country’s renewable energy (RE) sector to continue after the Board of Investments (BOI) reported that energy projects made up the largest share of approved investments from January to November 2025.
Energy Secretary Sharon Garin said the surge in approved energy projects shows solid investor confidence in the country’s long-term growth and the government’s push for a secure and sustainable power system. She stressed that every investment in energy “is an investment in our people’s future.”
According to the BOI, 261 projects were approved in the first 11 months this year, with power and electricity accounting for nearly 59 percent, or about ₱480 billion. Ten major projects are also under review, including 2,400 MW of hydropower facilities and 3,700 MW of offshore wind projects.
Garin said hydropower and offshore wind are key to meeting the country’s renewable energy goals and protecting consumers from volatile fossil fuel prices.
Energy undersecretary Mylene Capongcol added that investor interest is at an unprecedented level, but emphasized the need to speed up the transition from project approval to actual operations. She called for more investment in ports, transmission lines, energy storage, manufacturing, and supply chains to support large-scale RE development.
As of September 2025, the Philippines had 10,400 MW of on-grid renewable capacity—about 32.6 percent of the country’s total power supply. The government aims to raise the share of renewables to 35 percent by 2030 and 50 percent by 2050.
