PH now among ESCO growth markets in SE Asia – PE2 in Powertrends 2025
MAKATI CITY, 2 October 2025 – Philippine Energy Efficiency Alliance (PE2) president Alexander Ablaza, who also represented the Asia-Pacific ESCO Industry Alliance (APEIA) and the Global ESCO Network, released findings from the Global ESCO Market Report 2025 during the two-day Powertrends 2025 event held from 2-3 October 2025 in New World Hotel.
Energy service companies (ESCO) play a critical role in delivering energy efficiency solutions that support national climate and energy goals. Through models like Energy Performance Contracting (EPC), they offer a practical and scalable approach to financing and implementing sustainable energy improvements across sectors including buildings, industry, and public infrastructure – often with performance guarantees and innovative financing mechanisms.
Ablaza said, “In Southeast Asia, Thailand, Malaysia, and the Philippines show promising mid-level ESCO activity, reflecting growing demand but still falling short compared to leading markets.” He reported that countries in the Asia-Pacific region, including Japan, Thailand, South Korea and Philippines saw a higher number of new ESCO projects compared to some individual European countries. Collectively, Southeast Asian countries launched 105 new projects, signaling a growing ESCO market in the region.
An annual collaborative effort of the Global ESCO Network, the UNEP Copenhagen Climate Centre and the International Energy Agency (IEA), the Global ESCO Market 2025 Report provides a comprehensive overview of the status, challenges, and opportunities in the energy service company (ESCO) sector across more than 25 countries. It captures developments not only in the largest and most mature markets, but also in emerging economies where ESCO models are beginning to gain traction. The report synthesizes key trends, market developments, and policy landscapes shaping the industry in areas such as activity levels, financing, policy, and technology.
For over three decades, Powertrends has been a trusted platform where leaders from government, industry, and the investment community converge to shape the future of the Philippine energy landscape. The theme of Powertrends 2025, "The Energy Transition Showdown: Decrypting Risks and Rivalries in the Shifting Power Map," placed strong focus on the urgent challenges and critical risks facing the sector due to recent geopolitical developments. It also laid out opportunities for growth and showcased breakthroughs shaping the future of our energy industry.
