PHILIPPINE ENERGY TRANSFORMATION: Q1
The Philippines committed to nearly 7,000 MW of new renewable capacity in Q1 2025, dominated by solar and wind projects.
Vena Energy, another big developer, completed the 132 MW Cadiz project in Western Visayas in 2016, and the 83 MW Ilocos Norte Solar PV project in Ilocos in 2023. In August 2024, Vena announced that it would build the 550 MW Bugallon solar project with an unspecified amount of battery energy storage in Bugallon, on Luzon, by the end of 2025.
It will also need to expand its grid capacity, boost storage and streamline the land permitting process. The Philippines has also mandated that electricity suppliers must increase energy from renewable sources by at least 2.52 per cent every year from 2023, up from 1 per cent a year in 2020.
Freya Renewables Inc.'s solar project with a capacity of 79.96 MWp in Leyte. Exzal Renewable Energy Corporation's 100-MWp solar initiative in Albay-Sorsogon. Since January 2024, the DOE has endorsed 148 power generation projects, including 143 RE projects, four BESS, and one WTE. PHILIPPINES DOTR PLANS TO TRIPLE RAILWAY TRACKS BY THE 2030
To truly accelerate its energy transition, however, the Philippines will have to surmount an array of challenges, including the need to extend transmission lines to distribute power across the archipelago of more than 7,000 islands. It will also need to expand its grid capacity, boost storage and streamline the land permitting process.
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