Power Generation and Cumulative Capacity of Geothermal Power Plants in Philippines (2017 – 2021)
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Net electricity generated by Geothermal power plants in Philippines reached 10,032.2 GWh in 2021, growing 0.7% YoY
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During the same year, the cumulative capacity of Geothermal power plants in Philippines reached 1,928.0 MW, declining 0.0% YoY
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Power generation recorded a historical growth at a CAGR of 1.4% between 2017 and 2021, while the cumulative capacity growth at 0.2% between 2017 and 2021
Power Generation and Cumulative Capacity of Geothermal Power Plants in Philippines (2017 – 2021)
With the increasing demand for energy, rising levels of pollution, fear of global warming, scarcity of fossil fuels, and increasing levels of greenhouse gas (GHG) emissions, many countries opted for sources of clean renewable energy. Several countries signed protocols with pre-defined emission reduction targets. The Paris Agreement is the most recent initiative in this direction, whereby each country voluntarily determined and presented its emission reduction target and pledged to achieve GHG reduction according to this target. Several countries that are party to the Paris Agreement devised plans to reduce conventional power and aid the growth of renewable power to reduce emissions. The main renewable energy sources are Hydro, Geothermal, Wind, Solar, and Biopower.
Geothermal energy is the thermal energy formed in Earth’s crust due to radioactive decay of material. This energy is extracted using a geothermal heat pump where water or anti-freeze solution is pumped in to absorb the heat and then converted to electricity using turbines. Geothermal energy only produces one-sixth of carbon dioxide in comparison to a natural gas powerplant and is constantly available unlike other renewable sources such as solar and wind.
Philippines is one of the five major producers of geothermal energy, along with Turkey, the US, New Zealand, and Indonesia. The cumulative installed capacity for geothermal power in Philippines was 1,916 MW in 2017 which increased to 1,928 MW by 2021, at a CAGR of 0.2%. It is expected to reach 2.378 MW by 2030, growing at a CAGR of 2.12% during 2020 and 2030. The geothermal power generation increased to 10.032 TWh in 2021 and is expected to reach13.112 TWh by 2030.
The Philippines National Renewable Energy Program (NREP) was launched in 2011 to fulfill the Philippines’ quest to institutionalize a comprehensive approach towards renewable. The development of the NREP was done with an objective to promote renewable energy sources in the country. It aims to achieve a cumulative installed capacity of 15.3 Gigawatts (GW) of renewable power by 2030
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