Geothermal is the leading energy source in Visayas, Philippines
The Philippine DoE wants to "increase the country’s renewable energy-based capacity by 200 percent in the next 15 years under its National Renewable Energy Program (NREP)."
It is well known that the Philippines is growing at a significant pace fuelling the need for more power and increasing the demand for power investments. National and regional governments are trying to develop as many new energy projects as possible and according to official data from this past June, it “showed that geothermal sources in the region have a total installed capacity of 965 megawatts (MW), higher than that of coal and oil-based sources diesel and gas turbines.”
According to local news, the country’s Department of Energy (DoE) has set ambitious targets “to increase the country’s renewable energy-based capacity by 200 percent in the next 15 years under its National Renewable Energy Program (NREP).”
Considering the vast potential for geothermal development, the sector is likely to see a remarkable jump in growth in the coming years. The same news source also states that according to the DoE data, “there are at least 45 existing power plants in Visayas with total installed capacity of 2,692 MW. Plants that are connected to the Visayas power grid have installed capacity of 2,623 MW while embedded ones have capacity of 69 MW.”