First Gen Corporation, the Philippines’ leading clean energy provider, is promoting a balanced approach to the country’s energy trilemma—energy security, affordability, and environmental sustainability.
During a recent renewable energy forum, vice president Carlo Vega highlighted the role of First Gen’s low-carbon portfolio, including natural gas-fired plants, in addressing these challenges.
Vega noted the need for more power plants to meet growing electricity demands and emphasized the importance of transitioning to cleaner energy sources.
The government’s Philippine Energy Plan aims to boost renewable energy’s share in the power mix from 20 percent to 30 percent by 2030 and 50 percent by 2050, while reducing coal reliance from 60 percent to 14 percent by 2050.
First Gen plans to enhance its natural gas capacity, including the 1,200-MW Santa Maria project, citing natural gas as a cleaner, flexible alternative to coal.
The company also aims to expand its renewable energy capacity from 1,651 MW to 9,000 MW by 2030, reinforcing its commitment to a greener energy future.
