Philippines DOE Targets Additional 20 GW to Reach 2040 Renewable Energy Goal

The Department of Energy (DOE) in the Philippines has outlined plans to add an extra 20 gigawatts (GW) of renewable energy capacity to meet its target of 50% renewable energy share by 2040. This initiative aims to accelerate the transition from fossil fuels, leveraging solar, wind, and hydropower projects. The DOE is currently reviewing proposals and streamlining permitting processes to attract investments and ensure grid stability. The additional capacity is expected to reduce carbon emissions and support the country's energy security goals.