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Report Overview
The Philippines solar energy market attained a volume of 2.63 TWh in 2025 and is projected to expand at a CAGR of 17.90% through 2035. The market is further expected to achieve a volume of 13.65 TWh by 2035. Rising electricity tariffs are accelerating corporate solar adoption, pushing manufacturers and commercial facilities to lock long-term energy costs through on-site and utility-scale solar procurement contracts.
Key Market Trends and Insights
- Utility-scale solar installations are expanding rapidly as developers respond to rising power demand, grid congestion, and national renewable energy targets.
- Solar-plus-storage projects are gaining momentum, enabling baseload renewable supply and grid stability.
- Strong foreign investment interest and local partnerships are accelerating project pipelines, technology transfer, and financing access.
Market Size & Forecast
- Market Size in 2025: 2.63 TWh
- Projected Market Size in 2035: 13.65 TWh
- CAGR from 2026 to 2035: 17.90%
Grid congestion issues and price sensitivity of fossil fuels are redefining investment choices across the Philippines solar energy market. Developers are focusing on projects located close to the point of consumption to avoid curtailment. At the same time, the volatility of imported coal and LNG prices has fueled the demand for fixed-price solar power supply contracts from the utility and industrial sectors.
As per the Philippines solar energy market analysis, the total solar capacity in the country reached 2 GW in 2024, close to doubling from 2021 levels. Large-scale developers are now focusing on developing high-capacity, grid-connected solar parks to secure long-term power supply contracts with distribution utilities and corporate offtakers. For example, in December 2025, the Philippines marked a significant milestone in sustainable energy, launching its first megawatt-scale floating solar farm at the Carmen Copper mine site in Cebu.
The solar energy market in the Philippines is undergoing changes in terms of structural shifts in procurement and technology positioning. There is a growing trend among developers to combine solar with battery energy storage systems to fulfil ancillary services and improve grid support. The market has also been influenced by competitive renewable energy auctions, which have impacted the pricing and implementation of projects. Players in the utility sector are focusing on scale, prefabricated solar mounting structures, and improved mono PERC and TOPCon solar cells to maintain their profit margins. In May 2025, Cleanergy unveiled its suite of ground-mounted and rooftop PV installation solutions, PV carport systems, and residential energy storage solutions, accelerating the overall growth in the Philippines solar energy market.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
-
Rooftop solar power can provide low-cost power to Philippines households at PhP 2.50-5.30, as per the IEEFA.
-
Nearly 4.5 million households in the Philippines do not have access to electricity.
-
The solar energy market in the Philippines is expected to attract an investment of $2.8 billion by 2030.
Compound Annual Growth Rate
17.9%
Value in TWh
2026-2035
*this image is indicative*
| Philippines Solar Energy Market Report Summary | Description | Value |
| Base Year | TWh | 2025 |
| Historical Period | TWh | 2019-2025 |
| Forecast Period | TWh | 2026-2035 |
| Market Size 2025 | TWh | 2.63 |
| Market Size 2035 | TWh | 13.65 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 17.90% |
| CAGR 2026-2035 - Market by Solar Module | Monocrystalline | 19.8% |
| CAGR 2026-2035 - Market by Application | Residential | 19.8% |
| 2025 Market Share by Solar Module | Polycrystalline | XX% |
Key Trends and Recent Developments
Utility-Scale Solar Paired with Energy Storage
Solar energy companies in the Philippines are increasingly integrating battery energy storage systems. The Department of Energy has also stressed the importance of storage system integration in the latest guidelines for renewable energy auctions. Companies are turning to lithium-iron-phosphate batteries for improved safety and longer cycle life, broadening the Philippines solar energy market scope. The integration of solar energy projects with storage systems will enable solar energy projects to supply power during peak hours. In November 2025, the Philippines awarded 10.19GW of new energy capacity in its fourth auction round, with solar accounting for more than 6GW of capacity.
Corporate Renewable Power Purchase Agreements
Corporate PPAs are turning out to be a robust demand driving factor in the Philippines solar energy market. Export-oriented manufacturing facilities, data centers, and commercial developments are entering into long-term solar agreements to mitigate their exposure to electricity prices. Solar developers are providing tailored contract terms with fixed pricing and performance guarantees. Corporate PPAs are mitigating merchant risks for solar developers while providing assured cash flows. In June 2025, PetroGreen Energy Corporation secured Shell Energy Philippines as the power offtaker for a 20-MWp solar park.
Technology Shift Toward High-Efficiency Modules
The industry is seeing a swift shift towards high-efficiency module technology. TOPCon and bifacial modules are being increasingly adopted in new utility-scale projects, which provide greater power output in a tropical environment. EPC companies are rebalancing their designs around high module power to achieve stringent internal rates of return. For example, with the successful production of its first high-efficiency N-type module, in May 2025, Gstar reinforced its commitment to innovation, lean manufacturing, and strengthening the global PV supply chain. The technological trend in the Philippines solar energy market is also being driven by the difficulty of acquiring operational land or infrastructure, close to urban load centers.
Foreign Ownership Liberalization and Capital Inflows
Foreign ownership policies in the renewable energy sector are also influencing investment trends. Foreign developers and infrastructure investment funds are entering the sector through acquisitions and joint ventures. These investments have also brought competition in auction prices, and this is compelling developers to improve operational efficiency, accelerating the Philippines solar energy market expansion. In January 2026, Saudi Arabian energy company ACWA Power announced a USD 200 million investment in a large-scale solar project in the Philippines.
Local EPC Consolidation and Supply Chain Localization
Local EPC players are merging to be able to bid for large-scale solar projects. Partnerships with inverter, tracker, and module suppliers are ensuring the reliability of supply and favorable pricing terms. EPC players with local fabrication facilities are being preferred by developers to cut logistics-related costs and project delivery times. Government policies are promoting the partial localization of mounting and electrical components. For example, Citicore Renewable Energy Corporation (CREC) demonstrated its commitment to the country’s clean energy goals by securing 1,212 MW of renewable energy capacity under the government’s Green Energy Auction Program (GEAP)-4, in November 2025. This Philippines solar energy market trend is helping to improve project delivery times and minimize foreign exchange risks.
Philippines Solar Energy Industry Segmentation
The EMR’s report titled “Philippines Solar Energy Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
- Solar Photovoltaic
- Concentrated Solar Power
Key Insight: Technology selection in the Philippines solar energy market is being influenced by certainty of execution and grid dynamics. Solar photovoltaic technology continues to be the preferred method of deployment because of its alignment with quick project execution and flexible project financing. Concentrated solar power technology is being considered for projects that demand controlled dispatch and thermal stability. In May 2025, Trina Storage announced the launch its next-generation Elementa 2 Pro 5MWh Battery Energy Storage System (BESS) in the Philippines at Solar & Storage Live Philippines 2025.
Market Breakup by Solar Module
- Monocrystalline
- Polycrystalline
- Thin-Film Solar Modules
- Others
Key Insight: As per the Philippines solar energy market report, monocrystalline modules are most in use because of their ability to handle more power in a smaller area and optimize balance of system efficiency. Polycrystalline modules continue to relevant in projects where budget is a concern and the area of installation is not a constraint. Thin-film modules are finding their application in structurally sensitive rooftops. Other modules are used in projects that require specific engineering inputs. Developers are now matching module selection with the installation conditions and performance requirements.
Market Breakup by Application
- Residential
- Commercial and Industrial
- Utility
Key Insight: Utility-scale applications account for most capacity additions because of auction models and contract terms, boosting demand in the Philippines solar energy market. Commercial and industrial applications are growing steadily as firms demand stable energy prices and sustainability alignment. Residential applications have remained selective because of affordability and access to funding. The market is finding a balance between centralized capacity expansion and decentralized demand, where project size and customer characteristics impact technology, pricing, and delivery models.
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Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Philippines Solar Energy Market Share
By technology, solar photovoltaic dominates the market due to scalable deployment and faster commercial returns
Solar photovoltaic technology continues to be the major factor for the Philippines solar energy market growth because of its flexibility in implementation and ability to manage costs effectively. The main reason why PV technology is preferred by developers is that it allows for the implementation of the project in phases, which enables the addition of capacity without taking a toll on capital costs. Additionally, PV technology is more compatible with battery storage. In September 2025, Peak Energy announced the commencement of a 65MWp greenfield solar development in the Philippines.
Concentrated solar power is being considered for niche uses where the value of thermal storage as dispatchable capacity is realized. Although CSP remains a niche technology, projects are being assessed for their potential in industrial heat applications and grid support. Developers are considering CSP application in areas of high direct normal irradiance and where transmission constraints exist. The ability to manage power dispatch during evening peak hours is ensured by thermal energy storage.
Monocrystalline modules lead adoption due to efficiency gains and limited land availability
Monocrystalline modules are largely contributing to the Philippines solar energy market value due to their efficiency and space optimization advantages. Developers are showing interest in monocrystalline modules for projects where land and roof space are limited. Higher power output lowers balance-of-system expenses, making projects more economical. EPC companies are also trying to standardize monocrystalline modules.
| CAGR 2026-2035 - Market by | Solar Module |
| Monocrystalline | 19.8% |
| Polycrystalline | 18.4% |
| Thin-Film Solar Modules | XX% |
| Others | XX% |
Thin-film modules are gaining major momentum in specialized applications requiring lightweight and flexible installations. Developers value their lower temperature coefficients and consistent output under diffused light. Thin-film adoption is also linked to architectural integration projects where aesthetics and weight matter. While efficiency remains lower, system-level advantages improve feasibility in constrained environments. EPC firms are offering thin-film modules as differentiated solutions for retrofits and complex rooftops. For example, 3M solutions for thin film modules range from conductive and dielectric tapes that collect and route electrical charge to enhance the solar module.
Utility applications dominate the market as developers prioritized scale, auctions, and grid contracts
Utility-scale projects lead as companies seek volume-based growth. Mega solar farms enjoy auction-based procurement and fixed power purchase agreements. Utility projects also attract institutional investments due to stable cash flows. Grid-connected solar farms are given priority near demand centers to avoid transmission losses. This segment has become the pillar of the country’s renewable energy expansion plans and it also helps suppliers achieve scale.
| CAGR 2026-2035 - Market by | Application |
| Residential | 19.8% |
| Commercial and Industrial | XX% |
| Utility | XX% |
C&I sector projects are also expanding their share in the Philippines solar energy market as companies seek stable power costs. Companies provide tailored rooftop and ground-mounted solar solutions for manufacturing and logistics facilities. Fixed-price agreements shield clients from fluctuating electricity prices. C&I projects also enable companies to report on sustainability initiatives. EPC companies target quick installation and downtime-free operations. In December 2025, SolisStorage launched its EverCore, the latest commercial and industrial (C&I) energy storage system in the Philippines.
Competitive Landscape
Major Philippines solar energy market players are now focusing on scale, land banking, and grid connection to ensure long-term project pipelines and auction visibility. Mid-scale players are now targeting rooftop and corporate portfolios, where faster deployment cycles and tailored power contracts can provide more stable revenue streams. EPC tendering is becoming more differentiated by execution risk, storage integration expertise, and BOS optimization.
Financing collaborations with local and international partners are now influencing bid competitiveness, while technology sourcing approaches are helping to mitigate supply chain risks. The most promising growth areas are in hybrid solar-storage solutions, island microgrids, and C&I portfolios requiring price stability. Philippines solar energy companies integrating engineering, finance, land, and regulatory risk are now better equipped to maintain margins and expand their businesses even in the face of grid challenges, policy changes, and increasing execution complexity.
SOLAR PHILIPPINES
Established in 2013 and headquartered in Makati, Philippines, Solar Philippines focuses on large-scale solar development and land-secured projects. The company prioritizes utility-scale parks and grid integration. Its strategy emphasizes cost leadership, rapid execution, and long-term power contracts with utilities and large-scale buyers.
Solaric Corp.
Founded in 2009 and based in Bangladesh, Solaric Corp. serves commercial, industrial, and residential clients. The company specializes in rooftop solar and customized engineering solutions. Solaric emphasizes turnkey delivery and long-term system performance to retain corporate customers.
Philergy Inc.
Established in 2011 with headquarters in Metro Manilla, Philippines, Philergy focuses on renewable project development and joint ventures. The company targets scalable solar assets and partnerships with landowners. Its strategy centers on expanding project pipelines and optimizing asset monetization.
GoSolar Philippines
Founded in 2018 and headquartered in Philippines, GoSolar Philippines concentrates on rooftop and SME-focused installations. The company emphasizes fast deployment, modular systems, and customer education. Its market approach prioritizes accessibility and system affordability.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Transnational Uyeno Solar Corporation, and We Gen Energy Philippines, among others.
Key Highlights of the Philippines Solar Energy Market Report
- Coverage of hybrid solar-storage architectures reshaping grid reliability strategies.
- Competitive insights into developer-EPC-financier alignment models.
- Application-level demand mapping across utilities, industries, and distributed systems.
- Investment intelligence centered on bankability and execution risk reduction.
Why Rely on Expert Market Research?
- Sector-specific renewable energy analysts with Philippines market exposure.
- Practical insights built for developers, investors, and suppliers.
- Strong emphasis on execution risks and opportunity sizing.
- Action-oriented intelligence supporting real project decisions.
Call to Action
Unlock the latest insights with our Philippines solar energy market trends 2026 report. Discover regional growth patterns, consumer preferences, and key industry players. Stay ahead of competition with trusted data and expert analysis. Download your free sample report today and drive informed decisions in the market.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the market reached an approximate volume of 2.63 TWh.
The market is projected to grow at a CAGR of 17.90% between 2026 and 2035.
The market is assessed to witness healthy growth in the forecast period to reach around 13.65 TWh in 2035.
The different technologies in the market are solar photovoltaic and conventional solar power.
The different segments based on solar modules considered in the market report include monocrystalline, polycrystalline, and thin-film solar modules, among others.
The different applications of solar energy include residential, commercial and industrial, and utility.
The key players in the market include SOLAR PHILIPPINES, Solaric Corp., Philergy Inc., GoSolar Philippines, Transnational Uyeno Solar Corporation, and We Gen Energy Philippines, among others.
Grid congestion, land acquisition delays, financing exposure, regulatory complexity, and rising equipment logistics costs continue pressuring project timelines, margins, and execution certainty across diverse Philippine regions.
Developers are integrating storage, forming EPC alliances, securing land early, diversifying C&I portfolios, and structuring peso-denominated financing to improving resilience and long-term project bankability.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Solar Module |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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