Solar energy is one of the sources of green electricity in the Philippines. (Photo: iStock)
The renewable energy sector in the Philippines has seen significant growth, with the Department of Energy (DOE) reporting a record high in installed capacity for 2024, exceeding the combined total of the past three years.
This growth is driven by favorable government policies, which have spurred investment and the installation of equipment, as well as the decline in costs for technologies like solar power. These developments have attracted more participants in the country’s energy transition.
Additionally, the latest round of renewable energy project bidding has closed, with the total installed capacity far exceeding expectations.
