The Philippines is emerging as a powerhouse in Asia’s renewable energy landscape, ranking second among emerging markets in the Asia-Pacific (APAC) for wind energy potential, according to the Global Wind Energy Council’s (GWEC) Global Wind Report 2025. Despite a record-breaking 117 GW of new wind capacity installed globally in 2024, GWEC warns that uneven growth and policy bottlenecks, particularly in markets like the Philippines, could stall the urgent push to triple renewable capacity by 2030.
The report, released today, highlights the Philippines as a case study for the next wave of wind energy growth, driven by policies like the Energy Virtual One-Stop Shop (EVOSS) upgrades, the Philippine Energy Plan (PEP), and eased foreign investment restrictions.
However, GWEC’s country manager for the Philippines, Ann Francisco, cautions, “The government needs to turn policies into actual projects.” She emphasizes that the upcoming Green Energy Auction-5 must ensure “project bankability through the Renewable Energy Payment Agreement (REPA),” establish clear Terms of Reference (TOR) for eligibility and timelines, and shape “a robust tariff structure” to sustain offshore wind development.
Globally, wind energy reached a cumulative capacity of 1,136 GW in 2024, an 11% increase from the previous year. Renewables accounted for 90% of power sector expansion, with wind contributing 20%. Yet, growth remains concentrated, with APAC—led by China’s 70% share of global installations—and Africa & Middle East as the only regions to increase new installations. The Philippines, alongside markets like Uzbekistan and Saudi Arabia, is noted for its strong performance, signaling a shift toward diverse wind energy strongholds.
Challenges persist, particularly in permitting, infrastructure, and financing. Francisco stresses the need for a regional supply chain, noting, “Building up the Philippines’ supply chain means creating an environment where regional players can also invest into and participate in the supply chain enhancement program.”
The Global Wind Report 2025 also underscores the broader potential for the Philippines to shape APAC’s offshore wind development, provided auctions and policies align with market realities.
GWEC forecasts 981 GW of new wind capacity by 2030 under current policies, requiring 164 GW annually—a pace far below the 320 GW needed yearly to meet COP28’s tripling goal. As the Philippines stands at a crossroads, its ability to convert policy momentum into tangible projects could set a precedent for emerging markets globally.
How can the Philippines accelerate its wind energy growth to lead APAC’s renewable revolution? Share your thoughts on policy reforms, supply chain solutions, or investment opportunities in the comments below.
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