Philippines Renewables Report

Published 26 May 2015

  • 47 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
Philippines Renewables Report

BMI View : The Filipino renewables market is experiencing a strong interest in renewables, with a multitude of new projects in the pipeline: a total of a 48 power projects, 21 of which from renewable sources, are expected to come online between now and 2018, amounting to an estimated 4.7GW of generation capacity. While renewables - particularly wind and solar - are, therefore, on the rise, we also see growing numbers of new thermal projects. Further obstacles on the market continue to be land-related issues and a volatile business climate, as well as a national grid that is unable to fully connect new renewable energy to the grid. We nonetheless expect a solid growth of non-hydroelectric renewable energy capacity of more than 16% on average between 2015 and 2018.

Key Trends And Developments

  • We forecast non-hydropower renewables electricity generation to grow by over 7% year-on-year (y-o-y) in 2015, and non-hydropower renewables electricity capacity by over 13% y-o-y. According to the Department of Energy (DOE), 2014 saw solid growth in renewable energy, with some 400 megawatts (MW) of wind, 50MW of solar and over 100MW of hydro and biomass energy installed. In May 2015, 648 contracts were awarded by the DOE covering hydropower, geothermal, solar and wind, biomass and tidal energy. The contracts are estimated to amount to 11GW of combined capacity, including both grid-connected and self-generating projects.

  • The Chinese firm ET Solar Energy Corp announced in April 2015, it plans to add 70MW of photovoltaic plant capacity in the Philippines in cooperation with Philippine renewables developer Gate Solar Philippines Corp.

  • The previously announced 300MW solar project by SunEdision and Aboitiz has been reduced to 100MW, to be achieved through a variety of smaller projects between 20MW and 40MW. The two companies are trying to secure contracts and suitable land to develop the project.

  • The DOE has currently endorsed a total FiT capacity...

BMI Industry View
Industry Forecast
Philippines Renewables Forecast Scenario
Table: Total Electricity Generation Data And Forecasts (Philippines 2013-2018)
Table: Total Electricity Generation Data And Forecasts (Philippines 2019-2024)
Table: Electricity Generating Capacity Data And Forecasts (Philippines 2013-2018)
Table: Electricity Generating Capacity Data And Forecasts (Philippines 2019-2024)
Focusing On Renewables
Philippines Renewables Projects Database
Table: Philippines' Renewables Projects, Q3 2015
Industry Risk/Reward Index
Philippines Renewables Risk/Reward Index
Market Overview
Sustainable Energy Policy And Infrastructure
Targets (Emissions And Renewables)
Table: Renewable Feed-In Tariffs In The Philippines
Competitive Landscape
Energy Development Corporation - EDC
First Gen
Ayala Corporation
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

The Philippines Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Philippines. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Philippines, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Philippines, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Philippines Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Philippines renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Philippines to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Philippines renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Philippines, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%