Philippines: Plans to Double Geothermal Energy Capacity by 2040

Going geothermal: Philippines revs up flagging green energy engine (ABS-CBN News)

(Courtesy CIA.gov)

The Philippine government launched in June a string of new exploration surveys, which comes on top of the roughly 10 contracts the nation has signed in recent years with power companies to drill exploratory wells.

"Of course the target is to increase the existing capacity," Ariel Fronda, head of the renewables division of the Philippine energy ministry told AFP.

"There is a high degree of interest in renewables in general... Energy has suddenly become an attractive business," he added.

The Philippines' seven geothermal fields now supply about 12 percent of the nation's energy, with a long-term plan to nearly double capacity by 2040.

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