The Philippines climbed four spots to rank 27th in the 58th EY Renewable Energy Country Attractiveness Index as it aims to 35 percent RE share by 2030.
“The Philippines’ renewable energy agenda and private sector support are key enablers for our country’s rise in the RECAI Index. Through stronger collaboration between the government and private sector in the future, we anticipate that the country will continue to increase its renewable energy share as we continue with our target to achieve a total energy mix of 35 percent renewable energy by 2030 and 50 percent by 2040,” said SGV Power & Utilities sector leader Jhoanna Feliza Go.
SGV is the largest professional services firm in the Philippines and is a member firm of Ernst & Young Global Limited. RECAI 58 ranks the world’s top 40 markets on the attractiveness of their renewable energy investment and deployment opportunities.
“Our country has risen in ranks in the global Renewable Energy Country Attractiveness Index and we continue to have the highest renewable energy share among all of the ASEAN countries,” said Benjamin Villacorte, SGV climate change and sustainability services partner.