Malaya Business Insight has published coverage of the latest update to the PA Energy Investment Map, which highlights the strong potential of the Philippines for energy investors. According to PA’s analysis, the country ranks among the most attractive countries worldwide for investment opportunities in both renewable energy and conventional energy.
The article includes commentary on why opportunities in conventional generation are so strong in the Philippines and quotes PA energy expert, Steve Thornton, who says: “Most of the generation build underway in Asia-Pacific is conventional – combined cycle gas turbines (CCGT) and coal. This is a reflection of low coal prices, anticipated lower gas prices and the nascent renewable support policies in the region.”
The article goes on to look at opportunities in renewable generation in the Philippines; the country ranks fifth out of 30 in PA’s renewable energy index. According to PA, wind, hydro and geothermal technologies all boost the Philippines’ investment potential.
Steve comments: “The Philippines is in need of new generation capacity, and with the introduction of Feed in Tariffs and an incoming Renewable Energy Market, renewables offer an attractive investment prospect.”