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Philippines Launches Geothermal Investment Facility by 2025

10/29/2025

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Summary

Story summary

Energy Secretary Sharon Garin announced a derisking facility to attract geothermal investment in the Philippines, slated to operate by December 2025 under the Asian Development Bank.
Jay Joel Soriano of First Gen Corporation urged stronger government support and updated policies.
The Philippines has 31 geothermal projects with a potential capacity of 1,077 MW.
The Philippines ranks third globally in geothermal production with about 1,952 MW installed.

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Story summary

Energy Secretary Sharon Garin announced a derisking facility to attract geothermal investment in the Philippines, slated to operate by December 2025 under the Asian Development Bank.
Jay Joel Soriano of First Gen Corporation urged stronger government support and updated policies.
The Philippines has 31 geothermal projects with a potential capacity of 1,077 MW.
The Philippines ranks third globally in geothermal production with about 1,952 MW installed.