The Philippines is seen regaining its allure as a “hot market” for renewable energy investments in the Asian region and that shall be ushered in by the government’s implementation of the Renewable Portfolio Standards (RPS) policy. The RPS edict requires distribution utilities to secure fraction of their supply from RE capacities – and that shall be escalating at 1.0-percent increment yearly until 2030 when the share of RE in the country’s energy mix is targeted to reach 35-percent.
