Philippines

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Philippines reports $8.12 B in BOI approved energy projects for 2025
By December 12, 2025December 12, 2025

The Philippine Department of Energy said the Board of Investments approved about $8.12 billion in power and electricity projects between January and November 2025. Energy accounted for 58.74 per cent of total BOI approvals. The portfolio spans nationwide generation and grid-related developments. Projects under review include 2.4 GW of proposed hydropower and 3.7 GW of offshore wind. Department of Trade and Industry Secretary and Board of Investments Chair Ma. Cristina A. Roque said total approvals…

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Philippines launches first auction for fixed-bottom offshore wind
By November 27, 2025November 27, 2025

The Philippines has opened its first competitive auction dedicated to fixed bottom offshore wind projects. The Department of Energy has issued the Notice of Auction and Terms of Reference for the fifth Green Energy Auction, offering 3.3 GW of capacity for delivery between 2028 and 2030. Energy Secretary Sharon S Garin said the auction sets clear rules and milestones that can move developers from early studies to bankable projects. She said offshore wind can support…

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Philippines launches $3.4 billion MTerra solar project
By December 2, 2024December 3, 2024

The Government of the Philippines has initiated the MTerra Solar Project in Nueva Ecija and Bulacan, with an investment of $3.4 billion. The project aims to generate 4,500 MWh of energy, supplying electricity to approximately 2.4 million homes by 2027. This initiative is a collaboration between Terra Solar Philippines, Meralco PowerGen Corporation (MGEN), and SP New Energy Corporation (SPNEC). It is expected to reduce carbon emissions by over 4.3 million tonnes annually, equivalent to removing…

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Aboitiz Power to develop Philippines’ first hybrid BESS and geothermal system
By November 22, 2024November 22, 2024

AP Renewables Inc. (APRI) and Aboitiz Renewables Inc. (ARI), subsidiaries of Aboitiz Power Corporation, have partnered with Shandong Electric Power Engineering Consulting Institute Co. Ltd. (SDEPCI) for the Bay Battery Energy Storage System (BESS) Project in Barangay Bitin, Bay, Laguna, Philippines. The project will integrate a battery energy storage system with APRI’s Makban geothermal plant, creating the Philippines’ first hybrid geothermal and BESS system. This innovative solution aims to improve the stability of the Luzon…

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Philippines DOE approves expanded capacity for Tanay Wind Project
By November 7, 2024November 7, 2024

The Philippines Department of Energy (DOE) has approved an increase in the registered capacity for the Tanay Wind Power Project, raising it to 128 MW from its initial 112 MW. This expansion allows Alternergy Tanay Wind Corporation, a subsidiary of Alternergy Holdings Corporation, to install 16 wind turbines of 8 MW each, representing the largest onshore wind turbines in the country. The project, with financing of approximately PHP8 billion, is Alternergy’s second wind facility in…

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Copenhagen Energy to accelerate 4 GW offshore wind projects in the Philippines
By October 28, 2024October 28, 2024

Copenhagen Energy and PetroGreen Energy Corporation have obtained the Green Lane Certificate from the Philippine Board of Investments for their joint floating offshore wind projects under BuhaWind Energy Philippines. This certification will accelerate the permit process, facilitating faster development of their planned 4 GW offshore wind farms. The initiative includes three projects: A 2 GW wind farm in Northern Luzon, targeted for operation by 2030. A 1 GW project in Northern Mindoro, expected to launch…

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