According to GlobalData, solar PV accounted for 5% of Philippines’s total installed power generation capacity and 1% of total power generation in 2021. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Philippines Solar PV Analysis: Market Outlook to 2035 report. Buy the report here.
Overall, Philippines’s solar PV generation capacity grew by a CAGR of 92% from 2010 to 2021, to reach 1,324MW, and generation grew by a CAGR of 94% to reach 1,470GWh in 2021.
Installed capacity is forecast to increase by 20,743MW from 2022 to 2035, at which point solar PV is expected to account for 30% of total installed generation capacity.
For more detailed analysis of the solar PV sector in Philippines, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Power Plants database provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide, while its macro indicators database provides historic and forecast power generation and generation capacity by technology as well as consumption, imports and exports for over 170 countries.
