Global oil crisis shows why Phl must accelerate solar deploymentDisruptions in the global oil supply, like the one happening now, can quickly turn into a domestic cost-of-living crisis in the Philippines. They remind us that the most effective way to reduce our exposure to global oil shocks is to accelerate the transition toward locally available renewable energy. Among the available options, solar energy stands out as one of the most immediate and scalable solutions. Solar panels themselves have become dramatically cheaper, with the International Renewable Energy Agency estimating that global solar PV module prices have fallen by around 90 percent since the end of 2009. The Philippines has 1.8 GW in potential rooftop solar capacity across homes, commercial buildings and public facilities.

Source: Philippine Star March 21, 2026 16:36 UTC