In 2023, the renewable power generation in the Philippines stood at 14.52 Terawatthours. The forecasted data for the years 2024 to 2028 show a steady increase in generation, starting from 15.3 TWh in 2024 to 16.16 TWh in 2028. The year-on-year variation indicates consistent growth, with increases of approximately 1.4% from 2024 to 2025, 1.5% from 2025 to 2026, 1.4% from 2026 to 2027, and 1.3% from 2027 to 2028. Over this five-year period, the compounded annual growth rate (CAGR) is around 2.17%, illustrating a robust upward trend in renewable energy output.
Future trends to watch for include policy changes affecting renewable energy investments, technological advancements in renewable energy generation, and potential shifts in energy demand due to economic growth or changes in consumption patterns. Tracking these factors will be essential for accurately forecasting and planning for renewable power generation in the Philippines.
- Renewable power generation in the Philippines stood at 14.52 TWh in 2023.- Forecasted growth from 2024 (15.3 TWh) to 2028 (16.16 TWh).- Steady year-on-year increases: approx. 1.4%, 1.5%, 1.4%, and 1.3%. - Five-year CAGR: around 2.17%.- Future trends: - Policy changes. - Technological advancements. - Shifts in energy demand.