Nearly $500 Million in Private Sector Investments Mobilized to Support Clean Energy in the Philippines
Building on the $230 million leveraged since 2015 though the U.S. government -supported B-LEADERS clean energy portfolio, private clean energy developers invested an additional $267 million for solar photovoltaics, biomass, biogas, and hydropower plants in different locations in the Philippines in 2017, which exceeded initial targets by 27%. Investments in these projects were facilitated through the full deployment of the Energy Virtual One Shared System (EVOSS) and the optimal energy mix policy study. EVOSS is an online system developed with U.S. government assistance to increase transparency and streamline the business process for clean energy projects. The energy mix policy provides criteria for policymakers in determining the optimal energy mix for the Philippines, which considers energy security, grid stability, cost, environmental protection, and prospects for future development.
More Than 1.5 Million Metric Tons CO2 Equivalent Reduced, Avoided, or Sequestered from Philippine Forestlands
With assistance from USAID, the Philippines Department of Environment and Natural Resources addressed deforestation, through the implementation of the LAWIN forest and biodiversity protection system, in high-value conservation areas threatened by deforestation and forest degradation. The activity also provided technical assistance to the national government’s programs related to reforestation, mangroves and beach forest development, and landscape restoration. The totality of these actions will reduce or sequester more than 1.5 million tons of CO2 equivalent.
National Greenhouse Gas Inventories Improved in Philippines
The U.S. Agency for International Development (USAID) supported improvements in the quality of national greenhouse gas (GHG) inventories in the Philippines, which will help the Philippines more accurately monitor and mitigate its emissions. These changes were documented and evidenced through an improved Inventory Project Progress Indicator assessment. Preparing a robust national GHG inventory will also help the country identify its GHG emission sources and removal sinks, as well as its growth trends to better inform programs for reducing emissions growth and developing Nationally Appropriate Mitigation Actions.
Philippines Exceeds Renewable Energy Feed-in-Tariff Target with Over 1100 Megawatts to be Added to National Power System
With U.S. Agency for International Development (USAID) support, the Philippines’ Feed-in-Tariff system exceeded its targets for wind and solar applications, resulting in over 400 megawatts of wind project applications and 700 megawatts of solar project applications. U.S. government (USG) support that has laid the groundwork for such progress includes applying a Geospatial Toolkit, updating the Philippine Wind Energy Atlas, and conducting resource assessments of biomass feedstocks and hydro resources across the country.The USG also supported clean energy mentoring for private developers to enhance their business plans, secure innovative financing, and help the private sector comply with government permitting requirements.
Philippines Mobilized More Than $110 Million Private Sector Investments for Clean Energy
With assistance from the U.S. Agency for International Development’s (USAID‘s) clean energy mentoring portfolio in the Philippines, private clean energy developers will invest more than $110 million dollars for solar photovoltaic and biomass power plants in the northern Luzon region. This vastly exceeds their original target to mobilize $40 million. Through USAID support, energy experts provided technical assistance to these clean energy developers. Assistance included advisory support on applications for Feed-in-Tariffs, preparation of work and financial work programs, completion of documentary requirements to apply for registration under the Board of Investments, and engagement of a third party to conduct a system impact study.
National Greenhouse Gas Inventory Established in Philippines
With technical assistance from the U.S. Agency for International Development (USAID), the Philippines issued Executive Order (EO) 174 in November 2014, establishing the Philippine National Greenhouse Gas (GHG) Monitoring and Reporting System. Through the EO, the Philippines Climate Change Commission (CCC) has the authority and responsibility to build and submit GHG inventory reports. USAID continues to support CCC for implementation of a GHG inventory system to regularly collect and report its Biennial Update.
Philippines Submitted Post-2020 Intended Nationally Determined Contribution to UNFCCC
The U.S. Agency for International Development's Building Low Emission Alternatives to Develop Economic Resilience and Sustainability project conducted a cost-benefit analysis (CBA) of mitigation options for energy, forestry, agriculture, industry and infrastructure, and waste sectors in support of Philippine Climate Change Commission-led efforts to develop and submit the country’s Intended Nationally Determined Contribution (INDC). The CBA quantified the co-benefits such as health, income generation, traffic congestion, climate resilience, energy security, traffic congestion, and gender.
Philippines Used Resource Data and Visualization Tools to Inform LEDS Investments in 2015
The Geospatial Toolkit (GsT) and the updated Wind Energy Atlas of the Philippines were launched in February 2015 and accompanied by training for key stakeholders. Through the EC-LEDS program, the National Renewable Energy Laboratory developed these renewable resource data and visualization tools for use by policymakers, planners, and the private sector to inform LEDS (low emission development strategy) investments in the energy sector. With the development of the Wind Energy Atlas, the Philippines is the first country in Southeast Asia to have a comprehensive renewable energy data set available at the click of a button.
US$ 120 Million+ Mobilized for Clean Energy in Philippines
As a result of U.S Agency for International Development support, private clean energy developers will invest an estimated US$ 121 million for a solar photovoltaic (PV) plant and three biomass power plants to be established in the Luzon region. This investment directly supports the Philippines goals of clean energy deployment and energy security.
Philippines Used Resource Data and Visualization Tools to Inform LEDS Investments in 2014
In the Philippines, resource data and visualization tools are in active use by policymakers, planners, and private sector to inform low emission development strategy (LEDS) investments in the energy and land-use sectors. Tools include the following:
- Long-Range Energy Alternatives Planning (LEAP) System
- U.S. version of Agriculture and Other Land Use software
- Advanced Land Observing Satellite Image Data for REDD+ MRV Development
- Philippine Government land-use data to establish reference emission level
- Synthetic aperture radar for land-use mapping
- Clean Energy Lending Toolkit
- Marginal Abatement Cost Curves for industrial, residential, and commercial sectors; and the analysis
- Financial Flows and Barriers to Investment.
The U.S. Agency for International Development's continued support in improving energy forecasting/low carbon scenario analysis contributed to US$ 69 million worth of investments of renewable energy generation, totaling 34.6 megawatts from four different projects – three hydro and one solar.