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.