Skip to main content


As a rapidly growing archipelagic nation on the Pacific Typhoon Belt, the Philippines is highly susceptible to natural disasters and slow-onset climate events like sea level rise. The country is also grappling with a heavy reliance on privately invested coal-fired power plants and depleting natural gas reserves. 

But with major wind and solar resources, the country’s energy sector is on the brink of rapid change, with fossil fuels struggling to maintain relevance and a renewable energy industry poised for takeoff. For the Philippines, which pays among the highest prices for power in Asia, the energy transition is an economic and climate imperative.

San Miguel Global Power: Fossil fuel-oriented growth strategy raises financial red flags

September 18, 2023

Without an immediate pivot to renewable energy, San Miguel Global Power risks further locking in exposure to global fossil fuel prices.

Sam Reynolds, Hazel Ilango
Read Now

Latest Philippines Research

See more >

Latest Philippines Press Releases

See more >

Join our newsletter

Keep up to date with all the latest from IEEFA