How a $12.6-billion bet could make the Philippines Asia’s ultimate clean energy superpower
TIWI, Philippines: As one approaches the Tiwi Geothermal Power Plant in Albay, about 465km south-east of Manila, the landscape gives little hint that beneath it lies one of the Philippines’ most important energy stories. The Tiwi power plant sits next to the majestic Mt. Mayon (height 2,462m), one of the Philippines' most active volcanoes popular with tourists. Steam rises from a field shaped by…
The Philippines aims to become Asia's premier clean energy superpower through a $12.6 billion investment in geothermal power. The Tiwi Geothermal Power Plant, located near the active Mount Mayon volcano, is a key player in this mission. Operated by Philippine Geothermal Production Company Inc. (PGPC), which is now under the control of SM Investments Corp., Tiwi generates 350 megawatts (MW) for the Luzon grid.
The plant's new binary unit captures residual heat, reducing the need for extra well drilling. Despite nearby volcanic unrest, Tiwi's operations remain stable. The Philippines, situated along the Pacific Ring of Fire, boasts 24 active volcanoes and 55 operational geothermal power units, producing 2,057 MW of installed geothermal capacity, or 6.4% of its total electricity generation.
The country aims to regain its position as the world's second-largest geothermal producer by attracting $12.6 billion in fresh investments to unlock its potential.
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