Based on the provided data, the Philippines' renewable energy supply (excluding solid biofuels) as a share of Total Primary Energy Supply (TPES) is projected to slightly decline from 18.06% in 2024 to 18.01% in 2028. The actual value for 2023 stood at 18.07%. The year-on-year variation indicates a minimal reduction of 0.01 percentage points annually from 2024 to 2028. The five-year compounded annual growth rate (CAGR) reflects an average yearly decrease of 0.07% from 2023 to 2028 in the share of renewable energy within the overall energy supply mix.

Future trends to watch for:

Government policies and incentives aimed at boosting renewable energy investments could alter the downward trend.
Technological advancements in renewable energy can improve efficiency and increase adoption rates.
Global market dynamics, especially in the context of energy imports and exports, affecting local renewable energy production and consumption.
Socio-economic factors, such as population growth and urbanization, influencing energy demand and supply dynamics.