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The renewable energy sector in the Philippines is experiencing a significant boom. Citicore Renewable Energy Corporation is expected to raise 5.3 billion pesos (about 90.4 million USD), potentially marking the largest renewable energy IPO in the country.

To improve power infrastructure, the Philippines is incorporating nuclear energy into its energy transition plans and set to become a base for the U.S. Civil Nuclear Work Group in Southeast Asia.

The shopping center developer SM Supermalls, a subsidiary of the Philippines' largest retail firm SM Prime, has recently unveiled the company’s largest self-used rooftop solar PV system at SM City in Santa Rosa, Laguna.

Philippines aims to increase solar power share to 5.6% and wind power share to 11.7% in 2030, up from 2.4% and 3.1% respectively in 2024, according to government presentation, potentially leading to one of the cleanest grids in the region.

ACEN Corp., the energy arm of Philippine conglomerate Ayala Corp., anticipates investing $15 billion to expand its renewable power generation capacity to 20,000 MW by 2030.

The Philippines would need 52.83 GW of renewable energy capacity by 2040, following the Department of Energy (DOE)’s increase of the renewable portfolio standard (RPS) to 2.52%.

Training projects are benefiting the renewable energy sectors of Belt and Road countries. In the autumn of 2023, 18 Filipino students, with ages ranging from 17 to 22, came to China to start a course in “new energy engineering”.

Citicore Renewable Energy held a ceremonial groundbreaking for a 240 MW solar power project on 24. This marks the company's dedication to promoting sustainable energy in the Philippines.

Security Bank has partnered with climate fintech firm Helios to enhance access to clean energy for Filipino homeowners. The two firms signed a memorandum of agreement last month to alleviate financial pressure on households facing increased power costs.

ACEN, a subsidiary of the Ayala Group, has collaborated with US-based BrightNight to construct 1 GW of renewable energy portfolio in the Philippines. The Philippine firm said the renewables portfolio will entail an investment of $1.2 billion over the next