– it has had a presence in the Philippines for over two decades . In particular, it provides power generation, substation, transmission, cell sites, and fiber to home and data center projects in Northern Luzon.– a developer of solar, wind, hydroelectric, geothermal, and biomass power. Its portfolio also includes energy storage, hydrogen energy, green electric transportation, and integrated smart energy.
The energy department has yet to specify the projects and where these will be located, but Lotilla noted that these will be mostly in solar and offshore wind projects. “We are very pleased with the enthusiasm we have received from these Chinese companies during our roundtable meeting. They were upbeat with our policy reforms and directions on RE, especially on the opening of 100%The Philippines is aiming to increase its renewable energy share to 35% by 2030 and 50% by 2040. To meet these targets, an additional 52,000 megawatts of renewable energy will be needed by 2040.