“Fortune favors the bold” might as well be the motto of the Philippines regarding their energy policy and their efforts to achieve their goals. However, a bold plan is only the first step to achieving the colossal task of weaning an entire country off its dependance on foreign-sources fossil fuels. The logistics of the effort are proving to be more than a challenge for even the most developed of nations. However the Philippines are stepping up to the challenge by implementing a clear, comprehensive and decisive energy plan. This can be an example for other countries to emulate.
Why Is Renewable Energy Such a Priority For The Philippines?
Renewable energy development in the Philippines is vital because the nation is one of the fastest growing in Asia with over 92 million residents. As population and economy continue to grow, meeting the increased demand for electricity will pose a difficult challenge for the island nation. The cost of transmitting power and transporting traditional fossil fuel (which the nation lacks) to the more than 7,000 islands and to isolated areas is very high. Philippines has the highest electricity rate in Asia. With this in mind, the government has decided to take action now to begin reduce its reliance on costly fuel imports and tap its vast potential for renewable, locally produced energy, estimated to be over 70,000MW.
The Government of the Philippines views the development of renewable energy sources as a national priority. The Philippine Department of Energy (DOE) outlined a clear energy plan with emphasis on the development of renewables. Over the next 20 years, the country looks to increase renewable capacity by 200%, to account for 50% of all energy produced, and keep self-sufficiency at 60% minimum. Most of this development will be in geothermal, solar, and particularly wind, in which it looks to become the largest wind producer in Southeast Asia.