The Philippines’ power sector is a commercial market and features a well-established wholesale market, with all fuel groups represented. The sector boasts robust fundamentals with steady demand growth supporting investment opportunities. Policy continues to be supportive of renewables and the Government has launched a Renewable Energy Roadmap with an ambition to increase reinstalled capacity to at least 20 GW by 2040. SN Power entered the Filipino market in 2005. Today, the joint venture company owned by Scatec and Aboitiz Power is the largest private hydropower company in the country with 642 MW in operation and a median production of 810 GWh.