What is the Philippines' first solar-plus-storage hybrid?

The Philippines’ first large-scale solar-plus-storage hybrid (pictured), was commissioned in early 2022. Image: ACEN. The Philippines Department of Energy (DOE) has outlined new draft market rules and policies for energy storage, a month after the country allowed 100% foreign ownership of renewable energy assets.

What is floating solar & energy storage in Luzon?

The inclusion of floating solar—particularly prominent in Luzon with a total of 2,975 MW across the four years—highlights innovative land-use solutions, while energy storage addresses the intermittency challenges of renewables.

When will solar power be available in the Philippines?

HSBC Philippines head of sustainability Ceejay Hernandez said the fastest period for solar energy adoption will be driven by growing investments in renewable power and heightened consumer awareness of the dangers from climate change. “My fearless forecast is that we’ll have widely accessible solar power by 2030.

Will we have solar power by 2030?

“My fearless forecast is that we’ll have widely accessible solar power by 2030. We’ve seen a lot of signals,” he said during the recent Solar and Storage Live Philippines 2025, a two-day exhibit of solar equipment from over 300 companies, held on 19 to 20 May at SMX Convention Center in Pasay City.

Are solar panels a good solution for underserved communities?

“Although it’s not the perfect solution, it gives underserved communities access to electricity,” Hernandez continued. NEO co-managing director and chief sustainability officer Gie Garcia said the country now has four recycling facilities dedicated to solar panels.