The Philippines aims to boost its geothermal energy production as part of efforts to increase the share of renewable energy in the national power mix, currently dominated by coal.
Energy Secretary Sharon Garin highlighted initiatives such as including geothermal projects in the Green Energy Auction and a planned derisking facility to lower costs and encourage investment.
The country is already the third-largest geothermal producer globally, with an installed capacity of around 1,935 MW, but geothermal still accounts for only 8.5% of the power mix.
Future projects will be supported through increased funding for geophysical surveys and a $ 250 million facility, managed in collaboration with Landbank and the Asian Development Bank, to fund exploration and viable projects.
Experts noted that new technologies, including low-enthalpy wells and closed-loop systems, could unlock thousands of megawatts of untapped geothermal potential in the Philippines.
Source: PhilNews24 | October 31, 2025
PHILIPPINES AIMS TO EXPAND GEOTHERMAL ENERGY CAPACITY – GARIN
Latest from Business
The Cement Manufacturers Association of the Philippines (CeMAP) expects cement demand to remain flat this year,
The Food and Drug Administration (FDA) urged consumers to exercise caution when buying squishy toys, warning
Jollibee Foods Corp. (JFC) has identified more than 1,500 potential locations for new stores in the
Manila Electric Co. (Meralco) is on track to achieve a record consolidated core net income of
Philippine Airlines (PAL) survived the devastating COVID-19 pandemic through a major financial restructuring, employee sacrifices, and