Philippines Targets $27.6 Billion in Renewable Energy Investments by 2030

The Philippine National Renewable Energy Program (NREP) launched last week has set ambitious targets, including Php 1.2 trillion (US$27.6 billion) in renewable energy investments between now and 2030. This will nearly triple the country’s renewable generation capacity to 15,300 megawatts (MWs) in 2030 from 5,400 MWs today.