Economy
P5 Trillion Investment Needed for 25 GW Hydropower Expansion in Philippines
The Philippines needs an estimated P5 trillion in new investments to expand its hydropower capacity by 25 gigawatts (GW). An energy official stated that developing 1 megawatt (MW) of hydropower costs about P200 million, highlighting challenges in scaling up renewable energy sources.
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- Philippines Needs P5 Trillion for Hydropower Potential
The Philippines requires approximately P5 trillion in investments to fully harness its estimated 25-gigawatt (GW) hydropower potential, according to the Department of Energy (DoE). This is aimed at expanding the renewable energy portfolio and addressing energy insecurity due to geopolitical risks and climate change.