MANILA - The Philippines should start building its clean energy capacity as the price of renewables declines, an analyst said Thursday.
Solar and wind power could be more viable in some parts of the archipelago, compared to importing coal, said Perry Stoneman, head of energy and utilities at Capgemini.
"In the Philippines, power is expensive and you have to rely on importing coal," Stoneman told ANC's Early Edition.
While the shift may not be easy, it is a "wise strategy" in the long run, he said.
"It takes time to move and change factories transport and supply chain, you can’t change overnight, it’s how large of transformation has to happen," he said.