Philippines Confident on RE Targets, Eyes Competitive Auctions to Spur Investments
The Philippine government expresses strong confidence in achieving its goal of a 35 percent share of renewable energy (RE) in the energy mix by 2030. The Department of Energy plans to auction 25 gigawatts (GW) of RE capacity in the next 12 months, aiming to spur investments in diverse technologies like solar, wind, and geothermal. Currently, RE accounts for about 25 percent of the country's energy mix.
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