Philippines Renewables Q1 2020
While renewable energy costs are falling and the regulatory environment is improving, we believe the sector continuesto face multiple challenges. The underdeveloped grid infrastructure coupled with intermittency and low capacity factors of wind andsolar power generation means the sector will only supplement baseload resources in scaling up electricity generation. Webelieve coal will remain the dominant fuel for the power sector, accounting for 59% of the total power generation mix by 2028, whilenon-hydro renewables will account for only 10%.
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