Php5.76T needed to expand Ph power needs until 2040

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A total investment of Php5.76 trillion is needed for the expansion of the country’s power supply to meet the country’s energy requirements until 2040, according to the Department of Energy (DOE)

Based on the DOE’s Philippine Energy Plan (PEP) 2020-2040, Php4.71 trillion or around 82% of the target investment under the Clean Energy Scenario (CES) should be allocated to renewable energy (RE) generating facilities for it to make up the majority of Philippines’ power supply sources by then.

Under the CES, it is expected that a 35% RE share in the country’s power generation mix should be in place by 2030 and 50% by 2040.

“The CES being the scenario to be pursued indicates the entry of more RE-based technologies with a total capacity addition of 92.3 [gigawatts] by 2040,” the DOE says in the PEP.

“The entry of additional generating facilities also necessitates the construction of new transmission projects to increase the grid’s capacity and eventually accommodate these new power plants. In the next ten years, the transmission sub-sector requires at least Php348.3 billion for the rehabilitation, expansion, and development of new substations, transmission backbones and island interconnections,” it adds.

This comes as the agency also warned in the PEP that solar farms could encroach on farmlands, and could pose a threat to the country’s food security.