Policy Notes:
DOE Philippine Energy Plan 2023-2050
09 July 2024 – The Makati Business Club would like to share that the Department of Energy (DOE) released a revised and updated version of the Philippine Energy Plan (PEP). The current version now covers 2023 to 2050. According to the revised PEP, the Philippines is poised to achieve a renewable energy (RE) share of over 40% in the total energy mix by 2030 and to surpass 50% by 2040.
The DOE projects that renewable energy will contribute 41.45% to the energy mix by 2030 and 56.92% by 2040.
While the targets may seem ambitious, it is important to note the following:
- DOE currently holds service contracts for RE projects totaling 93.7 GW. This reflects substantial interest from local and foreign private sectors in developing RE projects in the Philippines, primarily focusing on offshore wind and solar projects.
- DOE has already granted the following service contracts:
- 21 GW for solar projects (above target of 10 GW)
- 12 GW for hydroelectric plants (above target of 5.2 GW)
- 58 GW for offshore and onshore wind projects (above target of 11 GW)
If projects are executed in a timely manner, the projected capacities will significantly exceed the 35% RE target by 2030.
MBC advocates for secure, affordable, and renewable power in the Philippines. If you want to learn more about our power advocacy activities, have additional insights, or want to participate in future discussions on this or other subjects, please reach out to bettina.bautista@mbc.com.ph and adrian.asoy@mbc.com.ph.
If you would like to access the full PEP, kindly access these links:
Policy Notes: AMDev Meeting with TESDA Director General Francisco Benitez
Policy Notes: AMDev Meeting with TESDA Director General Francisco Benitez 25 September 2024 – The Advanced Manufacturing Workforce Development (AMDev) Alliance, USAID Philippines, UNILAB Foundation,
Policy Notes: MBC meets Mayor Ruffy Biazon, Muntinlupa signs onto MBC project
Policy Notes: MBC meets Mayor Ruffy Biazon, Muntinlupa signs onto MBC project MBC met with Muntinlupa Mayor Ruffy Biazon to talk about members’ EODB issues
Policy Notes: MBC Joins PHINMA in a Policy Forum on Achieving Food Security
Policy Notes: MBC joins PHINMA in a Policy Forum on Achieving Food Security On June 24, PHINMA Corporation and Makati Business Club held a policy
Shell Pilipinas’ President and CEO Lorelie Quiambao-Osial is the new Philippine-British Business Council Chairman
Shell Pilipinas’ President and CEO Lorelie Quiambao-Osial is the new Philippine-British Business Council Chairman 15 August 2024 – During the Philippine-British Business Council’s Membership Meeting,
TESDA Champions for Industry-led TVET and Upskilling Programs in Manufacturing
TESDA Champions for Industry-led TVET and Upskilling Programs in Manufacturing Previous Next 25 September 2024 – The Advanced Manufacturing Workforce Development (AMDev) Program hosted its
ACCIONA’s Sustainable Infrastructure in SEA; PH Prioritized as Regional Hub
ACCIONA’s Sustainable Infrastructure in SEA; PH Prioritized as Regional Hub 2024 – “Southeast Asia possibly has the best conditions in the world to contribute to