The Philippines’ Department of Energy (DOE) expects that nearly 4.2 GW of new power projects to be commissioned in 2024, mixing renewables and conventional sources. This includes the start of commercial operation of a record solar power capacity of nearly 2 GW (1,985 MW) that should be commissioned in 2024, and two large thermal power plants, namely the 1,320 MW (4x440 MW) Batangas CCGT power project and the 600 MW (4x150 MW) Mariveles coal-fired power project (unit 1 already operational and 3 other units under testing and commissioning). In addition, at least 590 MW of battery energy storage should be commissioned during the year.
The Philippines installed 214 MW of solar capacity in 2022, reaching a total of 1.53 GW, and capacity only increased by 50 MW in 2023, according to preliminary estimates. Solar represented about 5% of the country’s installed capacity in 2022, and less than 2% of its power generation. The country’s Renewable energy roadmap 2020-2040 aims to reach 35% of renewables in the power mix by 2030, and 50% by 2040. This share stood at 23% in 2022.
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