Philippines Country Repor

Lilibeth T. Morales

Chapter 14 in Energy Outlook and Energy Saving Potential in East Asia 2023, pp 329 - 358 from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: Based on the results of this study, the Philippines can attain its target of increasing renewable energy share, given the available resources in the country. However, achieving the 50% renewable energy share in power generation by the end of 2050 has its various issues and challenges. Significant issues and challenges were revealed in the 1,090 renewable energy service contracts (RESCs) awarded from 2009 to 2019, which had the potential to generate about 36,735 MW of installed capacity and could have exceeded the NREP, 2011–2030 target of 15,304 MW by 2030. These issues and challenges include (1) delayed implementation of renewable energy policy mechanisms; (2) complex permitting process; (3) grid interconnection issues; (4) renewable energy resource development; (5) limited access to financing; and (6) exposure to climate related risks.

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