Base Year
Historical Year
Forecast Year
The Philippines wind energy market reached almost 1.51 TWh in 2023. The market is projected to grow at a CAGR of 19.1% between 2024 and 2032 to reach around 7.29 TWh by 2032.
| Philippines Wind Energy Market Report Summary | Description | Value |
| Base Year | TWh | 2023 |
| Historical Period | TWh | 2018-2023 |
| Forecast Period | TWh | 2024-2032 |
| Market Size 2023 | TWh | 1.51 |
| Market Size 2032 | TWh | 7.29 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 19.1% |
| CAGR 2024-2032 - Market by Location | Offshore | 23.4% |
| CAGR 2024-2032 - Market by Application | Utility | 21.8% |
| 2023 Market Share by Location | Offshore | XX% |
The Philippines is planning to reduce the share of coal-based power in its energy mix to 47.6% by 2030, from nearly 60% in 2024. While the share of hydropower and geothermal energy in the country’s energy mix is expected to fall to 9.1% and 7.7% respectively, the government is expected to quadruple the share of wind energy in its energy mix by 2030 to meet the rising demand for electricity from the population.
As per the World Bank, the Philippines has the potential to increase its offshore wind power generation capacity to 21 GW by 2040. The country has numerous onshore wind energy farms, with an overall capacity of 443 MW. The Burgos Wind Farm, with a capacity of 150 MW, is the largest wind energy farm in the Philippines. Other major wind energy farms in the country include the San Lorenzo Wind Farm (54 MW), Caparispisan Wind Farm (81 MW), and the Pililla Wind Farm (54 MW), among others. The Philippines’ government aims to increase the share of renewable energy in its energy mix to 15.3 GW by 2030. The National Energy Program aims to increase the wind power generation capacity by 2345 MW before 2028. This is expected to drive market growth in the forecast period.
Philippines Wind Energy Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Location
| CAGR 2024-2032 - Market by | Location |
| Offshore | 23.4% |
| Onshore | XX% |
Market Breakup by Application
| CAGR 2024-2032 - Market by | Application |
| Utility | 21.8% |
| Non-Utility | XX% |
Based on application, the market is divided into utility and non-utility. Over the forecast period of 2024-2032, utility is projected to grow at a CAGR of 21.8% due to the anticipated expansion of the power utility grid in the Philippines.
The development of onshore wind energy projects in the Philippines is expected to gain momentum with the tendering of development rights for wind energy farms to major multinational and domestic companies.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Location |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Philippines Wind Energy Market Size
Philippines Wind Energy Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached nearly 1.51 TWh in 2024.
The market is projected to grow at a CAGR of 19.1% between 2025 and 2034.
The market is assessed to witness healthy growth in the forecast period to reach around 7.29 TWh in 2034.
The different locations for harnessing wind energy include onshore and offshore.
The different applications of wind energy are utility and non-utility.
The key market players are ACEN CORPORATION, Ayala Corporation, Alternergy Holdings Corporation, and Triconti, among others.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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