Renewable energy continued to dominate the Philippines’ energy investment pipeline in the first two months of 2026, with the sector accounting for the bulk of approved projects under the Board of Investments (BOI), the Department of Energy (DOE) said.

From January to February, energy investments reached PHP 22.4 billion out of PHP 47 billion in total BOI approvals.

The DOE said the figures reflect continued investor confidence in the Philippines’ energy transition, even as global market conditions remain volatile.

“Expanding renewable energy capacity is one of our key strategies to strengthen the Philippines’ energy independence as tensions in the Middle East continue to affect global markets,” Energy Secretary Sharon S. Garin said.

The agency emphasized that its policy response combines immediate risk management measures with longer-term structural reforms aimed at accelerating the clean energy transition.

“Renewable energy development is central to that strategy: first as a long-term transition priority, as well as a practical way to reduce the country’s exposure to imported fuels impacted by the Middle East conflict,” Garin said.

The DOE also pointed to stronger investment inflows and project approvals as evidence of growing confidence in the sector, while highlighting the need to streamline regulatory processes to speed up implementation.

The department said it is targeting the integration of 1,471 megawatts of committed renewable energy and energy storage projects into the grid by April 2026.

It added that scaling up renewable capacity is critical to improving grid stability and reducing exposure to external fuel price shocks, particularly in oil-import-dependent markets.

“Every additional megawatt of renewable energy we bring online strengthens our ability to withstand global volatility,” Garin said. “This is how we convert investment momentum into real energy security: more stable supply, greater resilience, and a system that better protects the Filipino people.”

Do you see RE investments translating fast enough into actual grid capacity and energy security improvements?

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