THE PHILIPPINES has secured 120 gigawatts (GW) value of committed and indicative renewable energy (RE) projects within the pipeline, boosting the country’s future energy supply, the Department of Energy (DoE) said.
“This level of investor interest is unprecedented, and we would love to thanks all for that. Nonetheless, interest alone doesn’t construct power plants; execution does,” Energy Undersecretary Mylene C. Capongcol said in her speech throughout the 2025 Energy Security Forum on Tuesday.
To show the pipeline of projects into operational power plants, Ms. Capongcol said the federal government must ensure the provision of key development requirements equivalent to ports, transmission grids, logistics, financing and provide chains.
“These are the backbone investments that determine whether our energy transition might be fast, reliable and crisis-resilient or delayed and vulnerable,” she said.
She added that investors can proceed exploring opportunities within the Philippines amid its “clear policy framework, expanding grid interconnection, improving logistics infrastructure and a growing pipeline of bankable projects.”
“What we seek are strategic investments that strengthen system resilience, speed up project execution and anchor long-term energy security for our people,” she said.
Power and energy projects account for 58.74%, or about P479.78 billion, of approved investments this yr, based on data from the Board of Investments.
“Our direction is evident. We are going to proceed to work closely with the private sector and our partner agencies within the national government and native government units to be certain that these approved investments will ripen into useful and tangible energy infrastructure for our people,” Energy Secretary Sharon S. Garin said in an announcement.
The DoE said the large-scale developments are expected to significantly boost clean energy capability, enhance grid stability and improve connectivity nationwide.
Ms. Garin added that hydropower and offshore wind will play a critical role in medium- and long-term energy planning as they support the country’s renewable energy targets.
The Philippine Energy Plan goals to lift the renewable energy share in the facility generation mix to 35% by 2030 and 50% by 2050.
“The DoE reaffirmed its commitment to supply strong policy direction, transparent regulatory frameworks and shut coordination with other agencies to sustain the present investment wave and translate it into stable, reasonably priced and cleaner energy for all Filipinos,” the agency said. — Sheldeen Joy Talavera