th
en
Philippines
7. Philippines
Participating agencies (representatives)
De La Salle University
(Dr. Angelo Earvin Sy Choi, Associate Professor)
City Environment & Natural Resources Office (CENRO)
(Ms. JESSABEL S. AGNAS, Environmental Management Specialist)
Situation/operation details of the country of Philippines
RENEWABLE ENERGY IN THE PHILIPPINES
Presented by: Dr. Angelo Earvin Sy Choi
Department of Chemical Engineering, De La Salle University, Philippines
Renewable Energy (RE) in the Philippines
Current Renewable Situation in the Philippines 2022
· The Philippines, alongside Indonesia, are the countries with the highest concentration of geothermal power generation in Asia. It has the world’s third largest
installed geothermal power capacity at 1,918 megawatts (MW) with Indonesia coming a close second and the United States coming out on top.
· The REN21 report identified 7.1 giga watts (GW) of RE capacity in the Philippines. Over half, or 4.3 GW, came from hydropower, with a further 896 MW sourced from solar energy. In the coming years, solar demand is expected to shoot up dramatically. This is thanks to a significant pipeline of projects approved or under development. By 2022, solar energy in the Philippines is expected to rise to 3 GW.
· Solar energy’s RE counterpart, wind, only makes up 427 MW. Despite having an estimated potential of up to 76 GW, the current administration targets just 2.3 GW by 2030.
Renewable Energy Potential in the Philippines
In 2011, the country adopted an ambitious plan aiming for 15.3 GW of renewable power capacity by 2030 and over 20 GW by 2040. To achieve this lofty goal, the National Renewable Energy Program (NREP) laid out a five step plan to reach all targets by 2027.• Raise geothermal capacity by 75%
• Expand hydropower capacity by 160%
• Add an additional 277 MW of biomass power capacity
• Extend an additional 2,345 MW of wind power capacity
• Develop an ocean energy facility
[Source:
https://energytracker.asia/renewable energy in the philippines current state
and future roadmap/]
The Enablers for the Philippines’s Renewable Energy Transition
· The government has developed a framework of fiscal and non-fiscal incentives. Among these are an income tax holiday, a duty-free importation of equipment and VAT zero rating, tax credits on domestic capital equipment, tax exemption on carbon credits, priority connection to the grid, and the Green Energy Option Program (GEOP).
· The Philippines discontinued its feed in tariff (FIT) programme and instead switched to reverse auctions.
· Currently, the country has the lowest bid within the region USD $0.044 per 50 MW solar plant.
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