Philippines’ renewable capacity to reach 30GW by 2035, forecasts GlobalData
Key takeaways
- It also evaluates market drivers, policy frameworks, infrastructure investment, and competitive dynamics using GlobalData’s proprietary databases, primary and secondary research, and in-house analytical expertise.
- The Philippines operates an archipelagic power system with limited interconnections, where ensuring system reliability and meeting growing electricity demand remain key priorities.
- Policy mechanisms such as the Renewable Portfolio Standards and auction-based procurement under the Green Energy Auction Program are creating long-term demand visibility and supporting large-scale project development.
Philippines’ renewable capacity to reach 30GW by 2035, forecasts Global Data Global Data Energy Fri, May 15, 2026 at 11:44 PM GMT+7 3 min read DATA.L Global Data’s latest report, Philippines Power Market Outlook to 2035: Market Trends, Regulations, and Competitive Landscape , provides a comprehensive assessment of the Philippine electricity sector. The report analyses installed capacity in GW, electricity generation in terawatt-hours (TWh), technology mix, and regulatory developments across the historical period from 2020 to 2025 and the forecast period from 2026 to 2035. It also evaluates market drivers, policy frameworks, infrastructure investment, and competitive dynamics using GlobalData’s proprietary databases, primary and secondary research, and in-house analytical expertise.
The Philippines operates an archipelagic power system with limited interconnections, where ensuring system reliability and meeting growing electricity demand remain key priorities. The power sector has historically relied on coal-fired generation for baseload supply, with renewable energy largely concentrated in geothermal and hydropower. In recent years, solar and wind capacity has expanded as part of a broader transition in the generation mix. Within this framework, total renewable power capacity is projected to increase from approximately 7.1GW in 2025 to around 30GW by 2035.
Renewable energy expansion is being driven by regulatory and investment reforms, including the liberalisation of foreign ownership rules, which now allow full participation of foreign investors in renewable energy projects. Policy mechanisms such as the Renewable Portfolio Standards and auction-based procurement under the Green Energy Auction Program are creating long-term demand visibility and supporting large-scale project development. In addition, initiatives such as EVOSS and the Green Lane are improving permitting processes and accelerating project execution timelines.