BusinessWorld February 14, 2021 | 6:29 pm THE Department of Energy has set new renewable energy (RE) targets in its latest version of the National Renewable Energy Program (NREP), with RE expected to account for more than half of the Philippines’ power mix by 2040, officials said. “[The updated NREP proposes RE targets of] 55.8% by 2040, and 37.3% by 2030” in terms of overall share of power generated, Senator Sherwin T. Gatchalian, who chairs the Senate Committee on Energy, told BusinessWorld in a video call over the weekend. Mr. Gatchalian said he learned about the new targets in a Friday briefing with officials overseeing the NREP, noting that the ultimate targets are subject to public consultation to be conducted “soon.”