MANILA, Philippines — State-run Philippine Charity Sweepstakes Office (PCSO) has remitted P57.4 million to the Department of Energy (DOE) to support the country’s renewable power development.
In a statement, the DOE said the funding would be used for projects focused on advancing the development and adoption of clean energy technologies.
“This contribution is not just a financial boost – it’s a step forward in expanding energy access, innovation and sustainability,” Energy Undersecretary Rowena Cristina Guevara said.
The amount represents PCSO’s 2023 contribution to the Renewable Energy Trust Fund (RETF), as mandated by the Renewable Energy Act of 2008.
The RE Law mandates the PCSO to allocate 1.5 percent of its annual net income to the fund.
Through the RETF committee, the DOE oversees the collection and management of the fund while ensuring its efficient and effective use.
The DOE earlier signed a memorandum of agreement with the Department of Science and Technology to support several research and development efforts.
These initiatives include projects on sustainable aviation fuel production, RE mapping systems and solar photovoltaic market assessments.
“This milestone reflects the government’s continued commitment to a cleaner, more secure energy future through collaboration, innovation and targeted investments,” the DOE said.
Under the Philippine Energy Plan, the government aims to expand the share of renewables in the power generation mix to 35 percent by 2030 and 50 percent by 2040 from the current 22 percent.
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