As of 2026, the industry’s installed capacity is 32.2 GW, and needs to grow to 121.3 GW by 2040 under the conservative scenario. If committed power projects come online as scheduled, the requirement for new gas will decline to about 13 GW and new ground-mounted solar to about 14 GW by 2040. “That tells us something important: delivering projects on time is itself critical to long-term reliability,” Ms. Garin said. Ms. Garin has directed the Power Bureau and Renewable Energy Management Bureau to audit the performance of power plants after the recent series of grid alerts. The Visayas grid continued to suffer from red and yellow alerts amid the unavailability of several power plants on shutdown.