Philippines

The Philippine Energy Plan (PEP) 2023-2050 projects that the country's electricity demand will more than quadruple by 2050 as the country moves towards economy-wide electrification. The growth is anchored in the transport sector through upcoming mass rail transit lines and the government's aggressive electric vehicle adoption target of 50% by 2040. Additionally, the government aims to achieve 100% electricity connection for all households by 2028. Electricity's share in the country's total final energy consumption is projected to rise from 21.9% in 2022 to 38.7% by 2050. Meeting this forecasted demand requires reliable, indigenous power: wind energy has emerged as the critical solution, providing the necessary scale to support an electrified nation.

The Philippines has a wind energy technical potential of up to 76.6 GW onshore and 178 GW offshore. By leveraging these indigenous resources, the country can strengthen its energy security and reduce vulnerability to global fuel price shocks.

A structured auction pipeline

The Department of Energy's (DOE) 10-year Green Energy Auction Program (GEAP) pipeline provides a structured roadmap for at least 25 GW of additional renewable capacity through 2035. This long-term visibility serves as a powerful signal to the global supply chain and the international investment community. By providing a clear schedule for future auctions, the government enables developers and manufacturers to make necessary long-term capital commitments.