The forecast data for Geothermal and Biomass Energy Consumption in the Philippines from 2024 to 2028 shows a consistent year-on-year growth, with values increasing from 13.01 Terawatt-hours in 2024 to 13.76 Terawatt-hours in 2028. This represents a steady growth trend, with an annual increase of approximately 1.44% over the forecast period. Such a consistent upward trend suggests a positive outlook for renewable energy adoption in the Philippines, amid growing environmental concerns and the global shift towards sustainable energy sources.
Looking ahead, key trends to watch include technological advancements in geothermal and biomass energy production, government policy shifts favoring renewable energy, and potential international investments in the Philippines’ renewable energy sector. These factors could significantly influence the pace and scale of growth in geothermal and biomass energy consumption beyond the current forecast period.
