PH energy sector poised for growth

Several Philippine energy companies are optimistic about growth in 2025, driven by the upcoming launch of power projects designed to enhance grid capacity and address supply challenges.

Antonio Miguel B. Alcantara, CEO of Alsons Power Group, highlighted the urgency for improving the country’s energy infrastructure after the energy sector faced a series of disruptions in 2024. The Philippines experienced 16 red alerts and 62 yellow alerts, resulting in brownouts, underscoring the need to strengthen power supply and transmission reliability.

Looking forward, Alcantara remains hopeful about 2025, with the company set to introduce its first large-scale solar power plant as part of a broader strategy to diversify its energy portfolio. Alsons Power, which operates a range of power facilities in Mindanao, is expanding its reach with projects like the 14.5-MW Siguil Hydro Power Plant, which began commercial operations last year. While the region currently enjoys a stable power supply outlook, Alcantara stressed the importance of bolstering generation capacity to meet future demand, particularly as power support is also provided to the Visayas.

Meanwhile, Meralco, the country’s largest power distributor, is focusing on upgrading its infrastructure to improve resilience. Executive Vice President and COO Ronnie L. Aperocho emphasized the importance of grid modernization projects, including storm-hardening efforts and the rollout of smart meters to enhance service delivery for its eight million customers. Aperocho is optimistic that economic growth will support Meralco’s long-term prospects, fueling further investments in advanced energy technologies.

ACEN Corp., the renewable energy arm of Ayala Corp., is also confident about an improved supply situation, with large thermal plants and new renewable energy facilities expected to begin operations soon. CEO Eric T. Francia emphasized the importance of energy storage solutions to balance the intermittent nature of renewable energy. With around 2,400 MW of renewable energy capacity in the country, ACEN is actively pursuing government green energy auctions to expand its capacity further. Francia noted that the company aims to triple its renewable energy portfolio over the next few years.

Alternergy Holdings Corp. is positioning itself for a transformative year ahead, fueled by a P20 billion capital raise. The company has initiated the construction of several wind, solar, and hydroelectric projects, including the Tanay and Alabat Wind Power projects and the Balsik Solar Power project. With an eye on achieving 500 MW of capacity by 2026, Alternergy remains optimistic about completing four major projects by the end of 2025, according to Chairman Vicente S. Perez Jr.

The Philippine energy sector is expected to see a significant increase in capacity, with 5,485.28 MW of energy projects slated for commercial operation in 2025, as reported by the Department of Energy. The growing optimism within the industry highlights the ongoing efforts to address energy challenges and support the country’s development goals.