The forecast for renewable power generation in the Philippines remains constant at 0.15 Exajoules from 2024 to 2027, with a slight increase to 0.16 Exajoules in 2028. Over the last two years leading to 2023, the renewable power generation value has seen minimal fluctuations, reflecting a stagnant growth trend. The Compound Annual Growth Rate (CAGR) over the forthcoming five years is expected to average around 0.66%, indicating a relatively slow growth trajectory.
Future trends to watch for include potential policy shifts favoring renewable energy investments, technological advancements in renewable technologies, and international climate agreements that could spur increased renewable energy adoption and generation.