The Philippines wind energy market reached almost 1.51 TWh in 2024. The market is projected to grow at a CAGR of 19.10% between 2025 and 2034 to reach around 8.67 TWh by 2034.
As per the World Bank, the Philippines has the potential to increase its offshore wind power generation capacity to 21 GW by 2040. The country has numerous onshore wind energy farms, with an overall capacity of 443 MW. The Burgos Wind Farm, with a capacity of 150 MW, is the largest wind energy farm in the Philippines. Other major wind energy farms in the country include the San Lorenzo Wind Farm (54 MW), Caparispisan Wind Farm (81 MW), and the Pililla Wind Farm (54 MW), among others. The Philippines' government aims to increase the share of renewable energy in its energy mix to 15.3 GW by 2030. The National Energy Program aims to increase the wind power generation capacity by 2345 MW before 2028. This is expected to drive market growth in the forecast period.
Philippines Wind Energy Market Growth
The Philippines is planning to reduce the share of coal-based power in its energy mix to 47.6% by 2030, from nearly 60% in 2024. While the share of hydropower and geothermal energy in the country's energy mix is expected to fall to 9.1% and 7.7% respectively, the government is expected to quadruple the share of wind energy in its energy mix by 2030 to meet the rising demand for electricity from the population.As per the World Bank, the Philippines has the potential to increase its offshore wind power generation capacity to 21 GW by 2040. The country has numerous onshore wind energy farms, with an overall capacity of 443 MW. The Burgos Wind Farm, with a capacity of 150 MW, is the largest wind energy farm in the Philippines. Other major wind energy farms in the country include the San Lorenzo Wind Farm (54 MW), Caparispisan Wind Farm (81 MW), and the Pililla Wind Farm (54 MW), among others. The Philippines' government aims to increase the share of renewable energy in its energy mix to 15.3 GW by 2030. The National Energy Program aims to increase the wind power generation capacity by 2345 MW before 2028. This is expected to drive market growth in the forecast period.
Philippines Wind Energy Industry Segmentation
Philippines Wind Energy Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Location
- Onshore
- Offshore
Market Breakup by Application
- Utility
- Non-Utility
Philippines Wind Energy Market Share
Based on application, the market is divided into utility and non-utility. Over the forecast period of 2025-2034, utility is projected to grow at a CAGR of 21.8% due to the anticipated expansion of the power utility grid in the Philippines.Leading Companies in the Philippines Wind Energy Market
The development of onshore wind energy projects in the Philippines is expected to gain momentum with the tendering of development rights for wind energy farms to major multinational and domestic companies.- ACEN CORPORATION
- Ayala Corporation
- Alternergy Holdings Corporation
- Triconti
- Others
Philippines Wind Energy Market Report Snapshots
Philippines Wind Energy Market Size
Philippines Wind Energy Market Growth
Philippines Wind Energy Market Share
Philippines Wind Energy Companies
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Asia Pacific Wind Energy Market Overview
6 Philippines Wind Energy Market Overview
7 Philippines Wind Energy Market by Location
8 Philippines Wind Energy Market by Application
9 Market Dynamics
10 Competitive Landscape
Companies Mentioned
- ACEN CORPORATION
- Ayala Corporation
- Alternergy Holdings Corporation
- Triconti
