Citicore Solar Tarlac 1 in Tarlac City. (Source: Citicore)
The Philippines government has clear policies for attracting investment in renewable energy, with a current prospective utility scale of 99 GW in wind and solar projects. However, the Philippines will need to overcome a series of challenges in its future energy transition to have the opportunity to surpass neighboring countries and become the leader in renewable energy in Southeast Asia.
Philippines targets one-third green energy by 2030
Since the Philippines opened up to foreign investment and ownership in renewable energy projects, the local green energy infrastructure has rapidly developed. The potential capacity for wind and solar investment has reached 99 GW, surpassing Vietnam's 86 GW and being five times that of Indonesia.
