SECTOR: Energy and Environment
SONA YEAR: 2022
Increase use of renewable energy
PROMISE STATUS - DATE: In progress as of 07/17/2023
- The use of renewable energy for residential and commercial use in the country has increased in the last two years. The dependable capacity of renewable energy resources reached 24,683 GWh in 2022, based on DOE’s latest power statistics report.
- Power generation from hydroelectric, biomass, and solar energy sources increased in 2022, but the share of geothermal and wind resources dipped.
- Geothermal power generation dropped to 10,424 GWh in 2022, from 10,681 GWh in 2021. Wind power generation decreased to 1,029 GWh in 2022, from 1,269 GWh in the prior year.
- In November 2022, the Philippine government clarified that full foreign ownership in the exploration, development and utilization of solar, wind, and ocean energy resources is allowed under RA 9513.
- This aligns with the country’s National Renewable Energy Program to boost renewable energy’s share in the country’s power generation to 35% by 2030 and 50% by 2040.