Top Renewable Energy Companies in Philippines

The renewable energy industry in the Philippines has experienced significant growth in recent years, driven by a combination of factors such as government initiatives, increasing global demand for clean energy, and technological advancements. This article discusses the key statistics from 2022, factors contributing to the industry's success, growth trends, and the challenges and future outlook for the renewable energy sector in the Philippines.

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CompanyHeadcountContactDescriptionDecision Maker
ALSONS POWER GROUP94 +63 2 8823 7196
apgdpo@alsonspower.com

The Alsons Power Group is Mindanaos first and most experienced private sector power generator. Alsons Power is the umbrella brand that groups together all the power business affiliates of the Alcantara Group and Alsons Consolidated Resources, Inc. Alsons Power has a portfolio of four power facilities with an aggregate capacity of 468 mega-watts (MW) serving over eight million people in 14 cities and 11 provinces in Mindanao. These power facilities are: the 103 MW Mapalad Power Corporation (MPC)diesel plant in Iligan City; the Southern Philippines Power Corporations (SPPC) 55 MW diesel plant in Alabel, Sarangani Province; the Western Mindanao Power Corporations (WMPC) 100 MW diesel plant in Zamboanga City; and the 210 MW Sarangani Energy Corporation (SEC) baseload coal-fired power plant in Maasim, Sarangani Province. For the long-term the company is slated to focus on renewables with the companys first renewable energy facility- the ₱4.5 billion 14.5 MW hydroelectric power plant cur…

ACLAN GROUP OF COMPANIES31 +63 945 265 8816
info@aclangroup.com

The Aclan Group of Companies is a Philippine-based conglomerate with a significant stake and interest in various business operations from food & goods manufacturing, marketing and distribution to real estate management, private security contracting and diversifying into the industries of telecommunication, renewable energy and healthcare.

TRANSNATIONAL UYENO SOLAR CORPORATION6 +63 2 8830 8888
inquiries@tuscsolar.com

Transnational Uyeno Solar Corporation (TUSC) is engaged in solar power generation and systems integration. Its mission is to provide clean power and build a sustainable, clean and green world by promoting the widespread adoption of solar energy. With a diverse portfolio of solar installations in the Philippines, TUSC is one of the leading solar energy companies in the country. TUSC has distinguished itself as one of the pioneers in solar power generation in the country, building the first-ever solar photovoltaic (PV) carpark in the Philippines without any government subsidies. This milestone project has given the company firsthand experience in the development, construction, operations and maintenance of a solar PV plant, and has provided critical information on the performance of different solar technologies under Philippine conditions. TUSC is a joint venture between two strong, stable and forward-thinking organizations: Philippine-based Transnational Renewable Energy Corporation…

SOLENERGY SYSTEMS INC.79 +63 917 534 1909
info@solenergy.com.ph

Incorporated in 2012 and endorsed by the Department of Energy as a Renewable Energy systems engineering and solutions provider, Solenergy Systems Inc. was founded with the mission of providing cutting edge solar photovoltaic systems to commercial power users at financially viable prices. We offer comprehensive solutions to our clients with investment grade returns by dealing directly with component manufacturers on all aspects of our systems.

MONARK EQUIPMENT CORPORATION721 +63 2 8869 6748
customercare@monark-cat.com

Monark Equipment is the sole authorized dealer of Caterpillar Heavy Equipment and Power Systems products, and other leading North American and European brands in the Philippines. It is a one-stop shop, offering our customers the widest range of products and services. 1987 marked yet another milestone in the history of the Monark Group of Companies when the sons of Onofre— Jan-B and Louie—made a successful bid for the CAT dealership. Thus was born Monark Equipment. 2015 -- Monark was issued ISO 9001:2008 certification by TÜVSÜD PSB Philippines. The certification covers Monarks Head Office in Quezon City and Monark Product Support Center (MPSC) in San Pedro, Laguna for major processes. Our Vision: To make a difference in creating a better world, by being world-class, responsible organization leading in nation-building. Our Mission: To be true partner and teammate to our customers by providing them with excellent solutions at best value, while ensuring a fair return for ou…

ARM TECHNOLOGIES ELECTRO-MECHANICAL TRADING5 +63 919 004 7682
aillene@armtechnologies.net

We are ARM Technologies Electro-Mechanical Trading. Your partner in providing you with the class-leading electronic motor control products, most flexible harmonics mitigation solution and high-speed revenue-grade power analyzers. CLASS-LEADING MOTOR CONTROL PRODUCTS. We are an authorized distributor of CONTROL TECHNIQUES by Nidec. A company that is 100% focused on delivering world-class variable speed drives and power conversion technologies that are used in industry, commerce and renewable energy schemes. We have motor control solutions that help businesses to significantly reduce energy costs and improve operating efficiency. MOST FLEXIBLE HARMONICS MITIGATION SOLUTION. If you have a number of variable frequency drives (also known as frequency converter) on site, you are generating electrical disturbances. These disturbances include network unbalance, flicker, and especially harmonics - not to mention the risk of regulatory non-compliance. Engineered in Sweden, our active dynamic f…

NETSOLAR INC.32 (blank)
inquiries@netsolar.com.ph

Netsolar is an information technology and services company based out of 405 Av. Primeiro de Maio - Jardim Sao Bento, Campo Grande, Brazil.

ADTEL INCORPORATED28 +63 977 103 6757
info@adtelinc.com.ph

ADTEL stands for Advanced Telecommunications. We represent the interests of foreign technology providers in both telecommunications and broadcasting industries. These value-added services include sales and marketing, engineering services, warehousing and nationwide distribution, back up of warranties, repair and maintenance, financing, turn-key project management and other outside plant capabilities. Our Mission We are committed to deliver excellent customer service, innovative and quality products and services through a highly motivated, competent and socially resposive workforce, ensuring continued company growth while improving the lives of the Filipinos Our Vision We will enhance the value of our stakeholders through our exceptional technology solutions in the Philippines Our Values God Centered Integrity Pioneering Spirit of Entrepreneurship Business Excellence Employee Welfare and Wellness Spirit of Social Responsibility Teamwork and Spirit of Ownership Why Choose Us Our …

REURASIA - RENEWABLE ENERGY SOLUTIONS12 +63 917 659 5595
info@reurasia.com

Vision and Values: “To have positive impact on environment and communities”, this is the REURASIA vision. Our business idea is “to focus on todays problems and find sustainable and environmentally friendly solutions”. We work hard to generate electricity at affordable price for our customers and communities through optimizing our entire value chain, by building long-term supplier relationships, investing in circular economy and covering the total life span of projects. Our vision also goes beyond power generation. We want to create a better everyday for all people impacted by our business. Our Story: Created in 2016 by Maxime Droit, Carla Abesamis & Bernardo Tadeo. We believe that the best success in Asia are resulting from combination of local knowledge and international expert. REURASIA is a Joint venture between an expert of energy with strong track record in terms of management and engineering in large international corporation and a local developer with large network, good know…

SOLAR PACIFIC ENERGY CORPORATION7 +63 2 8813 4678
contact@solar-pacific.com

Solar Pacific is an independent power producer that develops, finances, builds and operates grid-connected solar power plants in island locations throughout the Philippines and Asia Pacific – providing commercial and utility customers with clean energy access. The executive management team at Solar Pacific has a combined 40 years of experience in project development, financing, renewable energy technology and government relations. The team has managed over 500MW of renewable energy assets and has closed more than $400 million in renewable energy financings to date.

SUNSMART SOLAR POWER TECHNOLOGY11 +63 917 893 8181
support@sunsmartisp.com

SunSmart Solar Power Technology is an all renewable energy company in the Philippines dedicated in providing innovative transformative, and sustainable solutions from a variety of renewable energy sources. We have a fully-equipped team from research and development to after-sales that can cater to residential, industrial, commercial, and agricultural requirements. While our expertise is in integrated, decentralized and scalable Off-grid and Hybrid Solar Power Installations, we go beyond solar power as we highly focus on AI-centered solutions from Intelligent Mobile Generators to Solar Irrigation System to Smart Solar Streetlights with AP Hotspot.

ENERGY DEVELOPMENT CORPORATION1,376 +63 2 7752 2332
corpcomm@energy.com.ph

The Energy Development Corporation (EDC) is a pioneer in generating 100% clean, renewable, and reliable power as an electricity supplier in the Philippines for over 40 years. With power plants all over country, the company is one of the biggest producers of geothermal energy in Asia and is expanding its reach in the international market, allowing it to offer customers affordable energy rates. EDC also strives to provide the best customer service it can to all its clients by having helpful salespeople and easy to understand contracts. It is poised to become the premier supplier of electricity for the Philippines Green Energy Option Program. EDC takes its mission as a renewable energy provider seriously and goes beyond sustainability by investing in programs that enhance the environment and empower its partner communities, thereby fostering regenerative development. The company has also been working toward being carbon-neutral by improving its energy efficiency, as well as implementing …

LIMELIGHTER RESEARCH INC. (LRI)3 +63 2 8566 2530
inquiry@limelighter.ph

Limelighter Research Inc is a boutique strategic research company with business consultancy services, headquartered in Metro Manila, Philippines. We apply research principles in economics and business to deliver intelligence and insightful products that validate and assist in the execution of growth and change strategies in private, public and development sectors. Our service offerings are founded on three pillars: accessible economics, knowledge-sharing and community of learners. AMDG.

SOLARIUS ENERGY6 +63 917 560 0860
info@solarius.com.ph

Established in February 2017, Solarius has grown to become the leading solar dealer and installer serving Northern Luzon. Solarius fast expanding customer base spans Cagayan Valley to Bolinao and from Ilocos to Bataan with many customers in Pampanga, La Union and Pangasinan. Solarius caters to the solar energy needs of residential, commercial, and industrial customers with grid-tie, hybrid, and off-grid systems. We have installed over 600kWp of solar panels and over 160kWh of Lithium-Ion battery storage for more than 60 customers. Our largest installation is over 100kWp for a factory. We are an authorised and trusted dealership for Makati based Solaric Philippines, one of the nations biggest and most established solar companies; most of our customers are referred to us by them. They are our exclusive supplier of top quality solar equipment with the latest technology.

BUSKOWITZ GROUP56 +63 998 556 6515
info@buskowitz.com

Buskowitz Group envisions itself as a leading integrated sustainable energy and solutions company with primary focus on Solar Photovoltaic, providing Philippine residents and business owners with easier and cost-effective access to sustainable solutions. We contribute to sustainable development efforts by helping developers, building owners, and operators fulfil their responsibility to preserve the environment and use local resources efficiently. However, despite the worlds focus on sustainable initiatives, most local financial institutions have failed to adapt to this burgeoning trend. As most local banks are not yet comfortable with the lending or leasing concept of Solar Photovoltaic (PV) systems, we decided to integrate quality Solar PV installations with highly demanded financing solutions for people looking to implement environmentally responsible systems with ease.

ACEN388 +63 2 7730 6300
investorrelations@acenrenewables.com

ACEN (PSE:ACEN) is the listed energy platform of the Ayala Group. The company has ~4,400 MW of attributable capacity from owned facilities in the Philippines, Australia, Vietnam, Indonesia and India, with a renewable share of 98%, which is among the highest in the region. ACENs aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 20 GW of renewables capacity by 2030. ACEN is committed to transition the companys generation portfolio to 100% renewable energy by 2025 and to become a Net Zero greenhouse gas emissions company by 2050. Visit our website: www.acenrenewables.com Follow us on: Facebook: https://www.facebook.com/officialACEN

UPGRADE ENERGY PHILIPPINES, INC.18 +63 2 8403 6389
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Upgrade Energy Philippines, Inc. (UGEP) is an Engineering, Procurement, and Construction (EPC) company focused on delivering high-quality and cost-competitive solar energy and energy efficiency projects. We have been active in the Philippines since 2015 and can count on an experienced team and a growing track record of operational projects. Upgrade Energy Philippines, Inc. (UGEP) offers renewable energy and energy efficiency technology solutions to various industries to help them further reduce their energy consumption, which will result in significant savings.

CLEANTECH GLOBAL RENEWABLES, INC.30 +63 2 8737 9051
info@cleantech.ph

CleanTech is an independent power producer and renewable electricity developer in the Philippines. We support the countrys drive for energy security by developing, acquiring, constructing, owning, and operating clean and renewable energy projects. We are committed to transforming energy production and supply in the country by providing clean and affordable energy to ensure the preservation of the environment, as well as provide opportunity, growth, and impact to every local community where we are present.

SOLAR PHILIPPINES564 +63 998 562 1251
inquiries@solarphilippines.ph

Solar Philippines is Southeast Asias largest solar company with over 1,000 employees across numerous project sites. We have 400 MW in projects operating or under construction; and a multi-GW pipeline, including the worlds largest off-grid solar projects and the lowest cost Solar Power Purchase Agreements in East Asia. Our mission is to make low-cost, reliable electricity universally accessible, as fast as possible. We believe that solar and battery storage will supply the majority of the worlds energy over the coming decades, ending poverty and climate change, and enabling emerging economies to leapfrog decades of development. We are in the middle of our business expansion program that will help ensure the supply of cheap, clean and reliable energy to even more Filipinos today and in the coming years. We are looking for talented and hardworking professionals who share our core values, and who are as passionate about renewable energy as we are, to join us on this journey of meaningfu…

WEGEN ENERGY PHILIPPINES61 +63 968 882 7235
sales-region_7-8@wegen-energy.com

WeGen is a next-generation energy business that uses rapidly-advancing renewable energy, battery storage, and software technologies to develop energy solutions for a range of applications – from homes, schools, and small businesses, to large industrial and commercial properties, resorts and even entire islands.

Top Renewable Energy Companies in Philippines

Key Statistics from 2022

The renewable energy industry contributed approximately 1.5% to the country's GDP in 2022, showcasing its increasing importance to the Philippine economy.

The industry employed around 75,000 people in 2022, providing valuable jobs in areas such as research, engineering, manufacturing, and maintenance.

Factors Contributing to Growth and Success

Government Initiatives:

The Philippine government has been proactive in promoting the growth of the renewable energy industry through various initiatives such as the Renewable Energy Act of 2008, which provides incentives for the development, utilization, and commercialization of renewable energy resources.

Increasing Global Demand for Clean Energy:

The global shift towards clean energy has increased demand for renewable energy sources, providing the Philippines with the opportunity to expand its renewable energy production and exports.

Technological Advancements:

The development and adoption of innovative technologies have played a vital role in the growth of the renewable energy industry in the Philippines. These advancements have led to reduced costs and improved efficiency in renewable energy production, making it more accessible and affordable.

Industry Growth and Comparison to Previous Years

In recent years, the renewable energy industry in the Philippines has experienced significant growth, with the installed capacity of renewable energy sources increasing from 7,000 MW in 2018 to over 10,000 MW in 2022. This growth can be attributed to the factors mentioned above, as well as the increasing awareness of the importance of clean energy in addressing climate change and ensuring energy security.

Key Trends

Technological Disruptions:

The renewable energy industry in the Philippines is being transformed by technological disruptions such as the development of advanced solar panels, wind turbines, and energy storage systems. These innovations are helping to improve efficiency and reduce costs, making renewable energy more competitive with traditional energy sources.

Decentralization and Microgrids:

Decentralized energy systems and microgrids are becoming increasingly popular in the Philippines, particularly in remote areas with limited access to the national grid. These systems provide reliable and cost-effective electricity, reducing dependence on fossil fuels and promoting the growth of renewable energy.

Challenges

Infrastructure Development:

Developing the necessary infrastructure to support the growth of the renewable energy industry remains a challenge. This includes upgrading transmission lines and expanding grid capacity to accommodate the increasing production of renewable energy.

Financing:

Attracting investment for renewable energy projects can be challenging due to the perceived risks associated with such projects. Ensuring the availability of attractive financing options is crucial for the continued growth of the industry.

Policy Stability and Regulatory Framework:

A stable policy and regulatory environment are essential for the growth of the renewable energy industry in the Philippines. Continued government support and the implementation of clear, consistent policies will help attract investment and drive the industry forward.

Balancing Energy Mix:

While the growth of the renewable energy industry is essential for the Philippines, it is also important to maintain a balanced energy mix to ensure energy security and reliability. This may involve the continued use of traditional energy sources alongside renewable energy to meet the country's growing energy needs.

Future Outlook

The future outlook for the renewable energy industry in the Philippines is promising, as the sector continues to expand and evolve in response to global trends and local needs. With the right combination of government support, private sector investment, technological innovation, and public acceptance, the renewable energy industry in the Philippines has the potential to become a key driver of the country's economic growth and sustainable development.

In the coming years, it is expected that the Philippines will continue to invest in renewable energy infrastructure, diversify its energy mix, and explore new and emerging technologies such as offshore wind and advanced energy storage systems. Additionally, the country will likely strengthen its focus on regional cooperation and integration to leverage its strategic location and abundant renewable energy resources.

Conclusion

In conclusion, the renewable energy industry in the Philippines holds immense potential and has a vital role to play in the country's transition towards a sustainable, low-carbon future. By addressing the challenges it faces and capitalizing on the opportunities presented by global trends and technological advancements, the industry can contribute significantly to the Philippines' economic growth, energy security, and environmental sustainability.

Capacity Building and Workforce Development:

As the renewable energy industry continues to grow in the Philippines, there is a need to invest in capacity building and workforce development to ensure that there are enough skilled professionals to support the sector's expansion. This will involve enhancing educational and training programs focused on renewable energy technologies and their applications.

Public Awareness and Acceptance:

Increasing public awareness and acceptance of renewable energy is crucial for the industry's continued growth. This can be achieved through campaigns that promote the benefits of renewable energy, such as reduced air pollution, energy security, and job creation.

Regional Cooperation and Integration:

Strengthening regional cooperation and integration can help drive the growth of the renewable energy industry in the Philippines. By collaborating with neighboring countries on renewable energy projects and sharing best practices, the Philippines can tap into a larger market for clean energy and benefit from economies of scale.

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By Melissa Goh
Published on 29 May 2023