The Philippines Power and renewable Energy market is devloping very quickly. According to UKTI, the Philippines is the second largest geothermal power producer in the world, has the highest wind power potential in the region, large potential for solar power, and abundant hydropower and biomass resources.
To learn more about the Power and Renewables Energy markets in the Philippines, you can read the market summary produced by the local UKTI staff in Manila here.
The Philippines power market represents a significant opportunity for renewable energy products in what is largely an underdeveloped market.
The growth of the Philippines economy is pushing the requirement for more and more Philippines power sources. Recent government legislation has enabled the Philippines poer and renewables energy market to grow and develop, offering opportunities to power companies.