Energy Transition Support Program

Project Dates: December 2024 - October 2029

PROJECT OBJECTIVE

This project supports the Philippines' energy transition by de-risking geothermal resources, developing offshore wind ports, advancing electrification, and improving energy efficiency in buildings. It also strengthens energy transition policies and boosts planning and management capacity for clean energy investments.

PROJECT DESCRIPTION

The technical assistance (TA) will prepare sovereign-financed energy projects and programs of the Asian Development Bank (ADB) in the Philippines, conduct due diligence for proposed loans, and help enhance project and program management capacities of the executing and implementing agencies. It will help implement key priorities of ADB's country partnership strategy for the Philippines, 2024-2029, and help build up the energy sector pipeline to achieve ADB's climate finance target of $100 billion by 2030. The TA will support ADB's Strategy 2030 operational priority 3 on tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability. The TA was discussed during the 2024 country programming mission.