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Renewable Energy Market Opportunity

Philippine Energy Plan

As the country transitions to clean energy fuels and technologies, the DOE is keen on pursuing renewable energy projects. And with comprehensive policies in place and as prices of RE technologies have become more competitive, the country can expect the entry of more investments in this sector. 

National Renewable Energy Program (NREP):

35% and 50%

renewable energy share in the 

power generation mix by 2030 and 2050.

25%

The Philippines’ renewable energy (RE) share in the power generation mix reached 25% by the end of 2025.

Resources: https://powerphilippines.com/ph-hits-25-renewable-energy-share-as-doe-accelerates-clean-energy-push/

Renewable Energy Act (R.A. No. 9513)

This covers developers of renewable energy facilities, including hybrid systems. This also covers manufacturers, fabrications and suppliers of locally-produced renewable energy (RE) equipment and components.

  • Income Tax Holiday (ITH) 7 years

  • Corporate Tax Rate: 10% after ITH

  • Duty-free Importation: 10 years

  • Special Realty Tax Rates on equipment and machinery

  • Net Operating Loss Carry-Over

  • Accelerated depreciation of plant, machinery, and equipment

  • 0% VAT on purchases of local supply of goods, properties, and services

  • Cash Incentive for RE developers in Missionary Electrification

  • Tax Exemption of Carbon Credits

  • Tax Credit on Domestic Capital Equipment

Incentives Under RE Act:

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