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All Filipinos can expect affordable power if the government remains committed to current energy policies that seek to promote the development of renewable energy, the former DOE Undersecretary said.

To reduce the country's vulnerability to fluctuations in fuel prices, the Philippines IAEECC has issued a resolution encouraging government entities to use renewable energy.

Malaysia-based ERS Energy Group has selected Chinese solar module maker Seraphim to supply solar modules for its 300 MW solar plant in the Philippines.

The World Bank said it has approved a $750 million (P41.9 billion) loan to boost the Philippines' environmental protection and climate resiliency reforms.

Onshore wind projects in Ilocos Norte province of the Philippines will soon exceed 500 MW, a testament to the province’s strong wind potential, according to a Department of Energy official.

Citicore Renewable Energy Corp, one of the Philippines' leading solar power producers, has revealed plans to go public this year. It expects the share offering to contribute to a $4 billion investment in solar projects over the next five years.

The introduction of carbon pricing in the Philippines could raise around $7 billion in revenues by 2030, according to a report released by the International Monetary Fund (IMF).

The Philippines now allows for 100% foreign ownership of renewable energy projects for the first time following its signing of a circular amending the implementing rules and regulations (IRR) of the Renewable Energy Act of 2008.

Philippine Electricity Market Corp. (PEMC) announced on July 28 the launch of the country's Renewable Energy Market (REM), a marketplace for trading Renewable Energy Certificates (RECs).

Philippines-based Prime Infrastructure Holdings unveiled a plan to expand its investments in renewable energy by building the world’s largest solar plant in the Philippines.