FeesSafety
Pluang+

Philippines solar market to hit 23.35 GW by 2032, growing at 27.46% CAGR driven by cheaper costs and corporate demand

Market News
13 Nov 2026, 17:00 WIB
Mordor Intelligence
View Source
Bullish
Philippines solar market to hit 23.35 GW by 2032, growing at 27.46% CAGR driven by cheaper costs and corporate demand

The Philippines solar energy market is projected to grow from 5.43 GW in 2026 to 23.35 GW by 2032, with a CAGR of 27.46%. Growth is fueled by declining costs of solar panels and installation, government-backed renewable energy auctions, and increasing corporate power purchase agreements for clean energy. Challenges include grid bottlenecks and financing costs, but opportunities exist in regions like Luzon, Mindanao, and Palawan. This expansion supports the country's shift to renewable energy and offers investment potential in solar technologies and infrastructure.

The Philippines solar energy market outlook is provided here as context for readers. For those tracking energy-sector stocks, 42 of 79 US-listed energy stocks on Pluang rose while 24 fell. Notable movers include Solaris Energy Infrastructure Inc. Class A at USD 65.00 (+0.78%), Canadian Natural Resources Ltd. at USD 49.48 (+0.75%), and Enbridge Inc. at USD 47.75 (-0.75%). These figures are as of Nov 13, 2026 15:41 WIB.

More News

Equinor shares trade ex-dividend for Q2 2026 with a $0.39 payout starting Nov 13.

Equinor shares trade ex-dividend for Q2 2026 with a $0.39 payout starting Nov 13.

Equinor ASA shares will trade ex-dividend on the Oslo Stock Exchange starting November 13, 2026, for the second quarter of 2026. The declared dividend amount is $0.39 per share, payable in USD. This means investors buying shares from this date will n...

Company Fundamentals
Neutral
27 minutes ago
China Eastern Airlines signs $540M procurement deals, unveils new aviation tech at CIIE

China Eastern Airlines signs $540M procurement deals, unveils new aviation tech at CIIE

China Eastern Airlines signed 23 procurement agreements worth $540 million with 15 suppliers from eight countries at the 9th China International Import Expo in Shanghai. The deals cover aircraft engines, aviation materials, jet fuel, and in-flight ca...

Bullish
1 hour ago
Eramet launches €500M share capital increase with preferential subscription rights to reduce debt.

Eramet launches €500M share capital increase with preferential subscription rights to reduce debt.

Eramet announced a €500 million share capital increase through a rights issue, offering 6 new shares for every 5 existing shares at €14.49 each. The proceeds will be used to reduce the company's debt and strengthen its balance sheet as part of a prev...

Company Fundamentals
Neutral
3 hours ago
PAS-004 shows strong reductions in neurofibroma size with good safety, advancing to Phase 2 trials after FDA clearance.

PAS-004 shows strong reductions in neurofibroma size with good safety, advancing to Phase 2 trials after FDA clearance.

Pasithea Therapeutics announced positive Phase 1/1b results for PAS-004, showing significant reductions in cutaneous neurofibromas (cNF) size by up to 71% with continued treatment and early activity in plexiform neurofibromas (PN). The drug demonstra...

Company Fundamentals
Bullish
3 hours ago
Shandong-South Korea Economic Conference opens with 23 new cooperation projects signed in Yantai.

Shandong-South Korea Economic Conference opens with 23 new cooperation projects signed in Yantai.

The 9th Shandong-South Korea Economic and Trade Cooperation Conference and Yantai South Korea Week began on November 6 in Yantai, Shandong Province, highlighting strong economic ties between Shandong and South Korea. Over 150 enterprises participated...

Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App