Key Market Indicators
The Philippines' wind power consumption is projected to reach 0.01 exajoules by 2028, maintaining its current level from 2023. This marks a modest annual growth rate of approximately 2%. Since 2011, the nation's demand for wind power has seen a yearly decline of about 2%. Despite these past decreases, the upcoming years are expected to exhibit a steady, albeit slight, increase in wind energy utilization. This trend reflects the country's gradual shift towards renewable energy sources, albeit at a slower pace compared to global averages.
