Grid network expansion may boost Philippines’ renewables: report

This is seen to open more opportunities for power project development.

More investments in the expansion of the Philippines’ grid network will lead to upside risks for the growth of its renewable energy as well as opportunities for power project development, Fitch Solutions reported. 

The National Grid Corporation of the Philippines had allocated some US$2.81b in capital expenditure for 2021-2025. Of this, US$1.96b will be for transmission projects in various stages of development. 

Read more: Solar, Wind to lead renewables growth in the Philippines

In addition, a capital expenditure of US$392m has been earmarked for the operation and maintenance of existing grid infrastructure from 2021 to 2025.

“We expect this funding to propel the expansion and improvement of the national grid, connecting islands in the Philippines with one another and unlocking areas for renewable power project development,” Fitch Solutions reported.