RENEWABLE Energy projects are seen to account for a third of the Board of Investments P1.5-trillion investments approval target for 2023, according to Trade Secretary Alfredo E. Pascual.They are also engaging in talks with a potential investor for renewable energy but related to manufacturing intended for export, Pascual added.
At the weekend, Jaime FlorCruz, the new Philippine Ambassador to Beijing, revealed that a big Chinese wind power company is interested in investing in the Philippines. In 2022, Dajin delivered wind energy products and services to the Philippines worth 150 million RMB . DTI’s Pascual said the country also welcomes investors in the related sectors of battery energy storage systems and off-grid power supply systems. With this, Pascual pitched to the Chinese officials the incentives available for RE projects.
The Trade chief also noted that by 2030, the Philippines aims to increase the share of renewable energy in the country’s power generation mix to 35 percent; and to 50 percent by 2040.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Clean energy investments in ASEAN down over 50% last yearInvestments for the development of clean energy technology in Southeast Asia have dipped by over 50 percent, slowing down the region’s efforts to meet its 2030 net-zero carbon emissions ambition, according to a report. | MegINQ /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Meralco blames Naia outage on ‘accidental’ errorThe power outage at Naia on Friday was caused by an accidental error of an MServ or Meralco Energy Inc. personnel, an official of power distributor Meralco revealed. | janebautistaINQ /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »
DOE plans to hold auction for offshore-wind tech | Lenie LecturaTHE Department of Energy (DOE) plans to conduct an auction for offshore wind (OSW) technology next year. “We actually consulted with the OSW service contract awardees and they said next year would be a good time for them. So we plan to hold an auction that includes OSW by next…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Meralco: Human error caused T3 power failure | Lenie LecturaHUMAN error caused the power failure that struck Ninoy Aquino International Airport (NAIA) terminal 3 last week, the Manila Electric Co. (Meralco) said last Sunday. “We are issuing this statement to confirm that [employees of] MServ (Meralco Energy Inc.), in the presence of MIAA [Manila International Airport Authority] personnel, was…
Source: BusinessMirror - 🏆 19. / 59 Read more »