Upside For Philippines Renewables As Policy Encourages Market Openness
The Philippines’ wind and solar sectors will lead renewable capacity growth over the coming 10 years following robust governmental support and investor interest. From 2022 to 2031, we expect the Philippines’ non-hydropower renewables sector to experience the greatest expansion. It will grow by 6.8GW and at an annual average rate of 10.4%, surpassing conventional thermal’s increase of 5.8GW.
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