The Philippines and Portugal are fundamentally joined by the hip, not just by historical accounts, but even the operation of both markets’ power grids has something in common – the State Grid Corporation of China is a key investor in the transmission system of these two energy markets.
As relayed to the Philippine energy chief, EDPR was established to manage, operate, and invest in the renewable assets’ portfolio of the EDP, one of the world’s leaders in wind energy installations. EDP, in particular, is the major shareholder in EDPR. “Potential areas of cooperation include RE development and alternative fuels. Both wish to expand their presence in Southeast Asia through investments in the Philippines,” said DOE.
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