The Philippines will require an additional 20 GW of renewable energy capacity to achieve its target of sourcing 50 per cent of its electricity supply from renewable energy by 2040, according to the Department of Energy (DoE). Further, the future capacity additions are expected to be supported through upcoming rounds of the country’s Green Energy Auction (GEA) programme.
The Philippines aims to increase the share of renewable energy in its national energy mix to 35% by 2030 and 50 per cent by 2040. Since the launch of the GEA programme in 2022, the DoE has completed four auction rounds expected to deliver more than 20 GW of capacity through 2035, covering technologies such as solar, onshore wind, biomass, geothermal, hydropower and energy storage systems. The DoE has also launched preparations for the country’s first dedicated offshore wind auction and unveiled a 10-year GEA roadmap targeting at least 25 GW of additional renewable energy capacity requiring an estimated investment of PHP25 trillion.
The government stated that the auction framework is intended to provide long-term visibility to developers and investors while accelerating project delivery. Industry stakeholders noted that the Philippines remains vulnerable to global fuel price and supply disruptions due to its dependence on imported fossil fuels and emphasized that streamlining permitting processes and expanding domestic renewable energy development will be critical to achieving long-term energy security goals.