Philippines Renewables Report - Business Monitor International - Industry Reports

Philippines Renewables Report

Philippines Renewables Report - Business Monitor International - Industry Reports
Philippines Renewables Report
Published Oct 15, 2016
49 pages — Published Oct 15, 2016
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Abstract:

BMI View: Although the Philippine government is vocal in its support for renewable energy as a key strategy against climate change, high electricity prices have resulted in continuous support for coal power. New President Rodrigo Duterte is expected to lead to further policy instability and lack of certainty on the investment market for renewables in the short term, while in the medium term, obstacles including an inadequate national grid and strong market dynamics for coal continue to undermine the government s commitment. ...BMI View: Although the Philippine government is vocal in its support for renewable energy as a key strategy against climate change, high electricity prices have resulted in continuous support for coal power. New President Rodrigo Duterte is expected to lead to further policy instability and lack of certainty on the investment market for renewables in the short term, while in the medium term, obstacles including an inadequate national grid and strong market dynamics for coal continue to undermine the government s commitment. While the Filipino non-hydroelectric renewables market is one of the most attractive in the region, with vast growth potentials particularly for solar and wind, paired with a conducive regulatory framework, these uncertainties weigh on our ---year forecast. ...While the Filipino non-hydroelectric renewables market is one of the most attractive in the region, with vast growth potentials particularly for solar and wind, paired with a conducive regulatory framework, these uncertainties weigh on our ---year forecast.

...We forecast non-hydroelectric renewables electricity generation to grow by --.- y-o-y in ----, and non-hydroelectric renewables electricity capacity by about -- y-o-y. We consider near-term policy instability under Duterte a risk to the strong renewables project pipeline that has the potential to stall project realisation, while we maintain our buoyant long-term outlook. ...We forecast non-hydroelectric renewables electricity generation to grow by --.- y-o-y in ----, and non-hydroelectric renewables electricity capacity by about -- y-o-y. We consider near-term policy instability under Duterte a risk to the strong renewables project pipeline that has the potential to stall project realisation, while we maintain our buoyant long-term outlook. The wind power sector has received some upward revision for ---- with policy uncertainty, however, undermining our long-term outlook. The revised Feed-in-Tariffs for Wind and Solar in ---- have shown significant changes in rates for both sources. While feed-in tariff (FiT) capacity for wind remained constant at --- megawatts (MW), solar power received a significant raise from the previous --MW to ---MW.

...Non-hydropower renewables capacity is expected to grow by -- in ----, primarily through the solar sector (over --- growth) and to a lesser degree biomass (-- ). We consider near-term policy instability under Duterte a risk to the strong renewables project pipeline that has the potential to stall project realisation, while we maintain our buoyant long-term outlook. ...

  
Source:
Document ID
2050-8107
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Philippines Renewables Report" Oct 15, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Renewables-Report-2026-1443>
  
APA:
Business Monitor International - Industry Reports. (2016). Philippines Renewables Report Oct 15, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Renewables-Report-2026-1443>
  
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