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Manila Bulletin devider Business devider Trade & Industry devider DOE: RE liberalization yields 20-GW capacity for Philippine grid

DOE: RE liberalization yields 20-GW capacity for Philippine grid

Published Oct 13, 2025 03:19 pm
Energy Undersecretary Rowena Guevara
Energy Undersecretary Rowena Guevara
Three years after the Philippines lifted the limit on foreign ownership in renewable energy (RE) projects, the Department of Energy (DOE) said 75 ventures with international investors are now driving the country toward its clean energy goals.
Speaking at the 2nd Philippines Future Energy & Grid Summit, Energy Undersecretary Rowena Guevara revealed that the number of foreign-owned projects is approaching 100 since the government opened the market. Before the change in 2022, foreign equity in RE projects was limited to 40 percent.
“The liberalized foreign ownership rule is a clear signal to the world that the Philippines is open for clean energy business,” Guevara said. “To date, it has already attracted 75 projects, totaling 20 gigawatts (GW) of capacity, awarded to fully foreign entities.”
As of August 2025, the faster integration of RE into the country includes 13 awarded solar contracts with a capacity of 1,297.5 megawatts (MW). Offshore wind (OSW) developments have reached a potential of 5,510 MW through nine awarded contracts, while there have been 53 awarded RE contracts for onshore wind, totaling about 13,183.95 MW.
The DOE affirmed that international investments will significantly boost the country’s business environment by allowing foreign entities to explore, develop, and utilize solar, wind, geothermal, and other available RE sources.
The country welcomed its first overseas investor, the Copenhagen Infrastructure New Markets Fund (CINMF), in March 2023 for an OSW project, shortly after the start of foreign liberalization.
Foreign businesses are also permitted to participate in the agency’s Green Energy Auction Program (GEAP), a competitive bidding process designed to increase the country’s RE capacity. This year alone, the DOE has mapped out four auctions.
GEA-3 auctioned pumped storage hydropower, impounding hydro, and geothermal energy. In February, 11 bids totaling 6,667 MW were awarded, with these technologies set for completion between 2025 and 2035. GEA-4 focused on ground-mounted, rooftop, floating, and integrated solar with energy storage systems (ESS), and onshore wind. It awarded 122 bids at 9,423.6 MW, with projects slated for delivery between 2026 and 2029.
The OSW auction, also known as GEA-5, is expected to commence this year, pending the publication of the terms of reference (TOR) this month. Its installation target is about 3,300 MW. Finally, the GEA-6, which features biomass and waste-to-energy technologies, will release its TOR by the fourth quarter of this year.
The DOE remains firm in its goal to achieve a 35 percent RE share of the generation mix by 2030, rising to 50 percent by 2040.

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Department of Energy (DOE) renewable energy (RE)
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