Business Monitor International


Philippines Renewables Report

Published 02 December 2014

  • 43 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Philippines Renewables Report

BMI View :   Energy demands in the Philippines continue to grow , and the coun try now faces a potential short fall in energy supply in the summer of 2015. The government is keen to reduce its reliance on expensive fuel imports and develop domestic production capacity in order to lessen the cost burden of electricity and av oid the threat of rolling black outs. This has resulted in a range of new projects arriving in the pipeline , however , it remains to be seen if the measures will be sufficient to avoid power cuts.

The government of the Philippines set ambitious renewable energy targets under the Renewable Energy Act of 2008 and the National Renewable Energy Programme (NREP), including a target of 15,304MW of installed renewables capacity by 2030. These targets were supported by the introduction of a Feed-in-Tariff (FiT) programme to encourage investment from the private sector. Although there are lingering concerns regarding the scope of the projects, the FiT programme has succeeded in encouraging a range of new projects, particularly in terms of wind power.

Typhoon Haiyan, which struck in November 2013 had a devastating impact on parts of the Philippines, with Eastern Visayas and the island of Leyte suffering particularly extensive damage. Recovery efforts, estimated as costing USD2.35bn, are ongoing, including repairs to power infrastructure such as the national transmission grid. The repair works delayed many projects, but we are now beginning to see some progress. Wind and solar power are generally the focus of new projects as geothermal energy in the Philippines is already very well developed. There is also considerable scope for development of biothermal energy.

Key developments and forecasts include:

  • Maxpower International's 50MW wind power project in Pulupandan municipality, Negros Occidental is likely to be completed in late 2015. The wind farm, which is 50% complete, is scheduled to be tested and commissioned in November 2015.

  • The

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-2018 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-2018 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 Rankings

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

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

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc