PH 'green' energy draws EU interest

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THE country's renewable energy sector has drawn more interest from European investors after the government removed the foreign ownership limits on RE projects, the European Chamber of Commerce of the Philippines (ECCP) chief said.

In an exclusive interview with The Manila Times, ECCP President Paulo Duarte said the RE sector is one of the key areas where the Europeans recently showed 'strong interest.'DONE DEAL Paulo Duarte, president of the European Chamber of Commerce of the Philippines; Blanca Mercado, president and COO of The Manila Times; and ECCP Executive Director Florian Gottein sign a memorandum of agreement on Tuesday, Aug.

'This was probably the key area where the investors were informed about the recent amendments in the law, and this captured our eyes, especially on the wind sector and solar ,' he said.'I think we will have good investments from [the] European side coming over,' the ECCP president added.With the amendments to the PSA, Duarte said telecommunications, railways and maritime have also become promising investments for Europeans.

 

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