Philippines Renewables Report

Published 25 August 2015

  • 55 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Philippines Renewables Report

BMI View : Renewable energy continue s to be a key strategy in the government's fight against climate change. As one of the five major investors in geothermal energy, we believe this sector to be largely saturated providing strong investment potentials elsewhere, particularly in the wind and solar sectors, backed up by solid governmental FiT program me s. We therefore expect these two sectors to carry the bulk of non-hydro renewable growth in our forecast up until 2024. While both sectors are estimated to see strong growth in 2015 and going into 2016, forecast expansion rates are undermined by several obstacles related to an inadequate national grid, a volatile-business environment and a strong market dynamic for cheaper coal power.

Key Trends And Developments

  • We forecast non-hydropower renewables electricity generation to grow by 4.5% y-o-y in 2015, and non-hydropower renewables electricity capacity by about 8.8 % y-o-y. This is slightly down from previous forecasts due to ongoing typhoon repair works as well as the delay in some projects coming on stream, and loss of investments to other power sources, such as coal.

  • In July 2015, Philippines-based Gregorio Araneta announced plans to build a 100MW solar farm in Cadiz that will entail an investment of around USD175mn, and is expected to start delivering electricity to the national grid by 2016.

  • According to the Department of Energy, as of June 2015, the awarded potential capacity for wind power stood at 1.15GW, for solar at 2.2GW, for biomass at 357MW, and for geothermal at 750MW.

  • 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...

BMI Industry View
5
SWOT
6
Industry Forecast
8
Philippines Renewables Forecast Scenario
8
Table: Total Electricity Generation Data And Forecasts (Philippines 2013-2018)
8
Table: Total Electricity Generation Data And Forecasts (Philippines 2019-2024)
9
Table: Electricity Generating Capacity Data And Forecasts (Philippines 2013-2018)
11
Table: Electricity Generating Capacity Data And Forecasts (Philippines 2019-2024)
12
Focusing On Renewables
13
Philippines Renewables Projects Database
25
Table: Philippines' Renewables Projects, Q3 2015
25
Industry Risk/Reward Index
29
Philippines Renewables Risk/Reward Index
29
Rewards
29
Risks
29
Market Overview
31
Sustainable Energy Policy And Infrastructure
31
Targets (Emissions And Renewables)
31
Subsidies
32
Table: Renewable Feed-In Tariffs In The Philippines
35
Infrastructure
35
Competitive Landscape
37
Energy Development Corporation - EDC
37
First Gen
38
Ayala Corporation
39
Glossary
40
Table: Glossary Of Terms
40
Methodology
41
Methodology And Sources
41
Industry Forecast Methodology
41
Sources
43
Risk/Reward Index Methodology
43
Table: Renewables Risk/Reward Index Indicators
45
Table: Weighting Indicators
46

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.

Coverage

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.

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