The wind energy generation in the Philippines has experienced significant fluctuations from 2013 to 2023. Starting from a mere 0.066 TWh in 2013, it saw rapid growth and peaked in 2018 at 1.15 TWh. However, since then, the growth has plateaued with minor declines, particularly in 2019 and 2020. The current value in 2023 is 1.07 TWh, consistent with predicted values for the upcoming years.
Recent year-on-year variations show considerable volatility:
- 2022 to 2023: -0.093%
Over the last five years, the CAGR highlights a modest decline at -1.5%. Projecting forward, the five-year CAGR is forecasted at -0.02%, indicating stable but stagnant growth ahead.
Future trends to watch for include technological advancements in wind energy generation, government policies promoting renewable energy, and potential investments in infrastructure that could either amplify growth or stabilize current levels further.
