The Philippines is now going through self-assessment to reach the goal of adding at least 20,000 megawatts (MW) of renewable energy (RE) capacities by 2040.
This is through the Renewables Readiness Assessment (RRA) launched by the Department of Energy and the International Renewable Energy Agency (IRENA) yesterday.
With the country’s aggressive stance towards building RE capacities, there is a “need to identify and analyze key challenges to further guide our stakeholders in our policies, regulatory and institutional framework,” DOE Secretary Alfonso Cusi said.
RRA’s goal is to provide comprehensive and detailed analyses of the country’s RE profile in order to recommend measures to deal with the pertinent issues in the sector.
“RRA is a collaboration among the DOE, IRENA and other renewable energy stakeholders from both the public and private sectors. It is vital in our vision towards attaining 20,000 megawatts of renewable energy capacities by 2040,” Cusi said.
Cusi believes that the Philippine RRA will also contribute to a database of the status of renewables readiness across member countries of IRENA.
“The DOE is committed to provide a level of playing field among RE developers to assure the country of its indigenous and sustainable energy for the consuming public,” Cusi said.
IRENA is an intergovernmental organization that supports countries in shifting into a sustainable energy future. It serves as a principal platform for international cooperation and an avenue in exploring other values of renewable energy as it promotes widespread adoption and sustainable use of all forms in the pursuit of sustainable development.