Key Highlights
- Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
- The Filipino renewable energy market recorded revenues of $1.80 billion in 2024, representing a compound annual growth rate (CAGR) of 4.0% between 2019 and 2024.
- Market production volume increased with a CAGR of 5.0% between 2019 and 2024, reaching a total of 24,714.6 GWh in 2024.
- The growth of the Philippines' renewable energy market has been significantly supported by increased private sector participation and foreign investment, alongside improving cost competitiveness of solar and wind technologies.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the renewable energy market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Philippines
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines renewable energy market with five year forecasts
Reasons to Buy
- What was the size of the Philippines renewable energy market by value in 2024?
- What will be the size of the Philippines renewable energy market in 2029?
- What factors are affecting the strength of competition in the Philippines renewable energy market?
- How has the market performed over the last five years?
- How large is Philippines’s renewable energy market in relation to its regional counterparts?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Solar Philippines Power Project Holdings Inc
- ACEN Corp
- PetroGreen Energy Corp