PH named second best investment destination for renewable energy in SEA
A report from HSBC Global Research named the Philippines as the second best investment destination for renewable energy (RE) in Southeast Asia.
According to the report, the country has resources that can generate up to 3,000 gigawatts (GW), and a “highly-liberalized” active spot market. The Philippines had a relative score of 2.5, second only to Vietnam which got 2.8. It was followed by Singapore, Malaysia, Indonesia, and Thailand on the list.
The HSBC report also named the Philippines as one of the three countries that led the first wave of the RE capacity growth in the Association of Southeast Asian Nations (ASEAN) region last year due to its “attractive regulatory environment.”
