AS ECONOMY GROWS

Need for Renewable Energy will rise

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IN the midst of a growing economy and rising power demand that goes with it, the Philippines is still trying to entice investments in the renewable energy (RE) sector.

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“We need diversified energy sources to support our growing economy. We need to build more baseload power plants while also aggressively pushing for clean energy,” said Energy Secretary Alfonso Cusi when he assumed the energy portfolio.

In 2015, power generation sourced from renewable energy generating plants reached 20,963 gigawatt-hours (GWh). Geothermal and hydropower both had the largest contributions at 11,044 GWh or 52.7 percent and 8,665 GWh or 41.3 percent, respectively.

Non-Fossil Fuel Facilities Existing
There were 111 renewable energy (RE) power plants or non-fossil fuel plants existing in the country in June 2016.

Based on the 2011-2030 National Renewable Energy Program (NREP), the targeted capacity addition for renewable energy from 2016-2020 is at 5,165.5 MW. Hydropower and geothermal are seen to have the largest capacity additions with 3,161 MW and 1,100 MW respectively.

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