The Philippines: How to Leapfrog from a Complicated Renewable Energy Sector to an Attractive One

Internasjonale investeringer  Asia  Klima  Energi  Styring
Written by

Indra Øverland

Forsker I, Leder for Forskningsgruppen for klima og energi


Haakon Fossum Sagbakken

Tidligere ansatt


The Philippines set the target of increasing the share of renewable energy in its energy mix from 16.9% in 2019 to 26.9% by 2030. This ambitious target requires significant additional investment in renewable energy. It has been estimated that the Philippines could attract USD 20 billion in renewable energy investment through auctions between 2020 and 2030. To achieve this, the investment climate for renewables needs to be improved. Over the last few years, other ASEAN countries such as Vietnam, Malaysia and Thailand have been viewed as more attractive markets by foreign investors. We propose five actions that can improve the attractiveness of Philippines’ investment climate for renewable energy and help it join the regional race for investment: prioritise renewables in the energy governance system; enforce existing regulatory and fiscal policies; raise the targets and develop an investment roadmap; facilitate market entry for renewable energy investors; build capacity for renewable energy governance.

  • Published year: 2020
  • Full version:
  • Publisher: ASEAN Centre for Energy (ACE)
  • Page count: 3
  • Language: English
  • Journal: ACE Policy Brief Series
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