Business Monitor International


Philippines Renewables Report

Published 02 June 2014

  • 43 pages
 
$1,295.00
Philippines Renewables Report

BMI View : Despite ongoing concerns surrounding corruption and restrictions on foreign ownership, the renewables market in the Philippines is increasingly presenting a positive potential investment environment, with ambitious government targets supported by widespread infrastructure development and new Feed-in Tariffs (FiT). A wide range of projects are in the pipeline across wind, solar, geothermal and biomass generation.

The Philippines is still in the process of recovering from the widespread devastation caused by Typhoon Haiyan in November 2013. The Eastern Visayas bore the brunt of the storm, and the island of Leyte suffered particularly extensive damage, with over 80% of the structures there affected. By the end of April 2014 the UN estimated over 2mn people were still living without adequate shelter and recovery costs are estimated at USD2.35bn. Considerable damage was done to the power transmission and distribution infrastructure, impacting on electricity consumption in early 2014. However, we expect consumption to recover throughout the remainder of the year.

Despite the damage caused by the typhoon, our outlook for the Philippines renewable energy sector is generally positive. Substantial repair work will be required to repair damage to the power network, however this will likely be incorporated into ongoing improvement and expansion works.

With power consumption as a whole expected to increase, we are likely to see growth in the renewables sector as the government seeks to diversify its energy mix and reduce reliance on expensive electricity imports. The Philippines government is supportive of the renewables market, and has set ambitious capacity targets under The Renewable Energy Act of 2008 and The National Renewable Energy Programme (NREP), which was established in June 2011 and set a target of 15,304 megawatts (MW) of installed renewables capacity by 2030.

Alongside these targets, the government launched a FiT programme in 2012 to encourage...

Table of Contents

BMI Industry View
5
SWOT
6
Industry Forecast
8
Philippines Renewables Forecast Scenario
8
Table: Philippines Total Electricity Generation Historical Data And Forecasts, 2011-2016
8
Table: Philippines Total Electricity Generation Long Term Forecasts, 2017-2022
9
Table: Philippines Electricity Generating Capacity Historical Data And Forecasts, 2011-2016
11
Table: Philippines Electricity Generating Capacity Forecasts, 2017-2022
12
Philippines Renewables Projects Database
19
Table: Philippines Key Projects - Renewables
19
Industry Risk Reward Ratings
21
Philippines Renewables Risk/Reward Ratings
21
Rewards
21
Risks
22
Market Overview
23
Sustainable Energy Policy and Infrastructure
23
Targets (Emissions and Renewables)
23
Subsidies
24
Table: Renewable Feed-In Tariffs In Philippines
25
Infrastructure
26
Competitive Landscape
27
EDC
27
First Gen
27
Ayala Corporation
28
Glossary
29
Table: Glossary of Terms
29
Methodology
30
Methodology and Sources
30
Industry Forecasts
30
Renewables Industry - Data Methodology
31
Power Risk/Reward Ratings Methodology
32
Table: Power Risk/Reward Indicators
34
Sources
35

The Philippines Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Philippines. The report also contains historical data together with forecasts to end-2017 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Philippines, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Philippines, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Philippines Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Philippines renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Philippines to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Philippines renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Philippines, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2017 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Ratings

BMI's Renewables Business Environment Ratings provide fully comparable Risk-Reward Ratings aimed at investors in the regional renewables market.

The ratings methodology makes sophisticated use of various industry, economic and demographic data point.

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