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Geothermal to Maintain its Dominance in the Philippines

  • October 2014
  • -
  • GlobalData
  • -
  • 9 pages

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Geothermal to Maintain its Dominance in the Philippines

Summary

The Philippines is the second-largest producer of geothermal energy in the world and the largest in Asia-Pacific. It has 1.9 Gigawatts (GW) of installed geothermal capacity, which it plans to increase to 3.5 GW by 2030. Its energy mix is dominated by fossil fuels, which are largely imported and are subject to price variations in the international market. This heavy dependence on imported fossil fuels creates a significant economic burden. Geothermal power is the second-most prominent source of energy, providing about 14% of its electricity and saving about $588m annually.

Scope

The report covers the following -
- Government policies regarding geothermal power in Philippines.
- Recent developments in the Philippines' geothermal industry
- Incentives provided and challenges faced by the players in the geothermal power industry.

Reasons to buy

The report will help you understand -
- The government's outlook towards geothermal power.
- Key incentives and challenges that players in the industry face will help in taking more informed decisions.

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