The Philippine government plans to double its power generation volume in 2030 and raise the emission reduction target to 75%. The annual power consumption in the nation is expected to increase at a compound annual growth rate of 5.8%, from 82.5TWh in 2020 to 145.1TWh in 2030. To meet the growing demand, the Philippine government plans to increase its total installed capacity from 27.6GW in 2020 to 58.4GW in 2030, among which the renewable energy generation capacity increases from 5.3GW in 2020 to 22.2GW in 2030.
Vietnam, Thailand, Malaysia and other Southeast Asian countries also made comprehensive plans in the field of renewable energy. The next 10-30 years would see reduction of carbon emissions and the improved supply of electric energy.
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