Report: The Philippines aims for 35% renewable energy mix by 2030

OGV Energy:

The Philippines is ramping up its adoption of renewable energy to reduce its reliance on fossil fuels and meet increasing energy demand, even as the Southeast Asian nation sees a surge in oil and gas consumption and production buoyed by economic growth and government policies.

This is according to a Philippines Insight Report released today by the Energy Industries Council (EIC), one of the world's leading energy trade associations and purveyor of world-class data, analysis, and networking opportunities.

"The Philippines is taking major steps towards a sustainable energy future," said Azman Nasir, EIC's Director for Asia Pacific. "The country's renewable energy sector has tremendous potential, and the government's commitment to increasing renewable energy in the power mix will provide significant opportunities for foreign investors looking to invest in the Philippines' renewable energy sector."

"The EIC is uniquely positioned to help energy companies in the Philippines connect with supply chain companies around the world, providing them with the necessary resources to achieve the country's energy-related ambitions in renewables, as well as oil and gas," added Mr. Nasir.

[Staff Report]

More: Philippines' Renewable Energy Sector to Accelerate as the Country Aims for 35% Renewable Energy Mix by 2030: EIC Report