Manila, June 25 -- The government's green energy auction (GEA) program is driving investments in the Philippines' renewable energy (RE) sector, boosting the bid to increase the share of national sources in the country's energy mix.

DOE data show that as of 2024, total installed RE capacity in the country is around 8,000 megawatts (MW). Last year alone, installed RE capacity posted a record 794.34 MW.

In a briefing on Wednesday, Department of Energy (DOE) Undersecretary Dr. Rowena Cristina Guevara said the government is set to auction 19,000 megawatts of RE capacity this year.

"What we've found out is that there is appetite from our local banks in investment in the renewables. What is driving now the investment landscape is actually the...