• The Philippines flew six places up to number four in the world’s most attractive developing economies for clean energy investments amid “strong” government targets for the sector and with foreigners now having more freedom to kick-start projects.
  • The country entered the top five for the first time in 12 years, just behind India, Mainland China and Chile, in BloombergNEF’s (BNEF) Climatescope report. The global research firm provides an analysis of clean energy progress and attractiveness across 110 developing economies.
  • To recall, the Department of Energy (DOE) bid out 11.6 gigawatts (GW) of renewable energy capacity in its second Green Energy Auction held in July. Of this, only 3.4 GW received commitments from various developers that vowed to make 1.2 GW available by 2025 and 2.2 GW by 2026.