DOE eyes 50% renewable power share by 2040

MANILA: The Department of Energy (DOE) is eyeing to make renewable energy more mainstream by increasing the share of power generation from these sources to up to 50 percent by 2040. 

The aforementioned was outlined by DOE Secretary Sharon Garin during the opening ceremony of the 2026 PhilEnergy Expo at the World Trade Center in Pasay City. The secretary thinks this will help the country be less affected by volatile global oil prices, which have caused dramatic fuel price surges, such as the one we’ve experienced in recent months. 

Specifically, the DOE has set about key goals to transition to a wide variety of renewable energy sources from both local and foreign investors and companies. Examples cited include a planned off-shore wind farm project and widescale solar farms. More ambitiously, the secretary even mentioned the approval of nuclear energy safety protocols, which will hopefully pave the way for actual nuclear plants on Philippine soil. 

“For the Philippine energy plan, we are working towards increasing the share in power generation to 35 percent by 2030 and 50 percent by 2040. We are on target for 2030. As of today, we are already on 25 percent,” Garin said. 

Apart from a multitude of other industries, this, of course, is good tidings for electric vehicle-related businesses and the vastly growing number of new energy vehicle (NEV) owners in the country. Then again, the DOE head shared that it isn’t wholly abandoning fossil fuels. 

“We are also gearing up towards a strategic petroleum reserve, a lesson that we all learned recently. So that we can maintain at least a 30-day supply buffer. The Philippines was also offered ASEAN-wide stockpiling, extending our energy security beyond our shores,” Garin shared. 

Other stories: BAIC to launch X55 Verve HEV? Toyota Land Cruiser LC300 HEV now available at dealerships nationwide UAAGI supports PATAFA

 

2026 PhilEnergy Expo

The stage at which Garin highlighted the plan for the Philippines’ future energy resilience was at the 2026 PhilEnergy Expo, which is now in its fourth year.

Held at the World Trade Center, the said event brings together over 100 local and international exhibitors from various sustainable energy companies and entities. 

Some of the more interesting showcases at the event include China-based Yangzhou Xintong Transport Equipment Group, which highlighted its solar-powered street lights and traffic lights, as well as its array of intelligent traffic systems. 

Likewise present was Gulf Oil, which, apart from producing lubricants and fuel for cars, has also dipped its toes into renewables, EV infrastructure, vehicle-to-grid technologies, and many other CO2-reducing initiatives. 

For those who want to visit the 2026 PhilEnergy Expo, note that it will run until June 25, 2026, at Hall A of the World Trade Center Manila in Pasay City. 

Also read:

Limited Ferrari F80 gets DOE approval

Follow existing fuel pricing rules, DOE orders firms

Fuel prices to drop by more than P11/L this week

Connect with us through our various social media pages:

Facebook: https://www.facebook.com/ZigWheelsPhilippines

Instagram: https://www.instagram.com/zigwheelsph/

Tiktok: https://www.tiktok.com/@zigwheels

Youtube: https://www.youtube.com/@ZigWheelsPhilippines/