The percentage of renewable electricity in the Philippines stood at 18.45% in 2023. Forecasts for the next few years suggest a declining trend: 17.68% in 2024, 16.92% in 2025, 16.18% in 2026, and 15.46% in 2027. Comparing 2024 to 2023, there's a year-on-year decrease of 4.17%. The following year, from 2024 to 2025, shows a decrease of 4.3%. Over the last five years, the CAGR indicates an average annual decline of 4.34%.
Future trends to watch for include the development of new renewable energy policies, advancements in technology to increase efficiency, and investment in infrastructure. These factors could potentially slow down or reverse the declining trend in renewable electricity production.
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