These datasets support the findings of the study titled “A spatial cost-benefit-externality modelling framework for siting of variable renewable energy farms: A case in Bohol, Philippines.” This study introduces a four-stage energy modelling framework for siting variable renewable energy farms using Geographic Information System and Cost-Benefit Analysis. There are only two files in this repository. The data with the filename “Cost-Benefit-Externality Model” holds the implementation of the model in assessing the viability of VRE in the province of Bohol. Input parameters of the model can be varied in this file. The data with the filename “Sensitivity Analysis” contains the sensitivity analysis results we conducted for the economical parameters of the model.