Philippines Pushes for Renewable Energy Transition, DOE Assures Initial Costs Are Temporary
The Philippine Department of Energy (DOE) has assured that the high initial costs associated with the transition to renewable energy sources are temporary. Citing the significant price drop in solar energy from P9.68 per kilowatt-hour in 2015 to P4.50 today, the DOE projects further cost reductions. The country aims to increase the share of renewables in its energy mix to 35% by 2030.
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