The Institute for Energy Economics and Financial Analysis expects the Philippines’ renewable energy sector to grow at a faster pace as investors’ interest in the country’s RE rises.
Iyer said there has been an enhanced interest and notable growth in the country’s RE sector in the past two years. “In terms of how investors view asset values, pure play renewables companies command a valuation premium over utilities having lower levels of renewables in their mix,” he added. “Investors are willing to reward firms which plan to grow in the field of renewables and are able to execute their plans, the report finds. For example, investors value each megawatt of installed capacity at ACEN at PHP137 million based on the market capitalization and megawatts in operation as of August 4 this year, and CREIT at PHP102 million/MW ,” IEEFA said.
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