Business Monitor International

Philippines Renewables Report

Published 05 March 2014

  • 43 pages
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  • Includes 3 free updated quarterly reports
Philippines Renewables Report

BMI View : The renewables market is gaining ground in the Philippines, with potential investors attracted by the im plementation of the new Feed-in Tariff (FiT ) programmes, as well as the stable political and economical environment and the wide range of development projects on offer.

Typhoon Haiyan, which struck in November 2013 devastated much of the Eastern Visayas region, causing particularly widespread damage on the island of Leyte, where around 80% of structures on the were affected. Over 10,000 people were killed and 51 cities were struck. Considerable damage was done to the power transmission and distribution infrastructure, impacting on electricity consumption in early 2014. While the typhoon is clearly a setback, requiring substantial infrastructure repair to the power network, it does not alter our generally positive outlook for the Philippines' renewable energy sector.

The government is highly supportive of the renewable market, encouraging expansions through broad and ambitious targets introduced by The Renewable Energy Act of 2008 and The National Renewable Energy Program (NREP), which was established in June 2011 and set a target of 15,304 megawatts (MW) of installed renewables capacity by 2030, including geothermal, solar, wind and biomass technologies.

The government launched a FiT programme in 2012 in order to encourage further private investment in the renewable sector. While there were concerns regarding implementation, and the announced tariffs were lower than expected, new guidelines released in June 2013 have helped to restore confidence in this potential market. As a result several major projects have been announced across wind, solar and hydropower (geothermal energy is not part of the FiT programme).

Potential investors may be deterred by existing legislation that limits foreign ownership of projects to 40%, however over the long term we don't expect this to be a major negative factor considering the range of opportunities...

Table of Contents

BMI Industry View
Industry Forecast
Philippines Renewables Forecast Scenario
Table: Philippines' Total Electricity Generation, Historical Data And Forecasts, 2012-2017
Table: Philippines' Total Electricity Generation, Long-Term Forecasts, 2018-2023
Table: Philippines' Electricity Generating Capacity, Historical Data And Forecasts, 2012-2017
Table: Philippines' Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
Focusing On Renewables
Philippines Renewables Projects Database
Table: Philippines' Renewables Projects
Industry Risk Reward Ratings
Philippines Renewables Risk/Reward Ratings
Market Overview
Sustainable Energy Policy And Infrastructure
Targets (Emissions And Renewables)
Table: Renewable Feed-In Tariffs In The Philippines
Competitive Landscape
First Gen
Ayala Corporation
Table: Glossary Of Terms
Methodology and Sources
Industry Forecast Methodology
Risk/Reward Ratings Methodology
Table: Renewables Risk/Reward Rating Indicators
Table: Weighting Indicators

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.


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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'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