THE Department of Trade and Industry is backing renewable energy cooperation with Brunei and is urging investments from oil and gas companies.Trade Secretary Alfredo Pascual supported President Ferdinand Marcos Jr.'s investment pitch during a meeting with industry executives in Brunei on Wednesday.'Our country holds tremendous potential for clean energy, with abundant solar, wind, and tidal resources waiting to be harnessed.
The companies were said to have initiatives that support Brunei's clean energy goals, like launching a flagship solar photovoltaic plant, using transitional fuels alongside renewables, and developing a solar power plant set to operate in 2025.The DTI recognized Brunei's oil and gas expertise and its move toward renewable energy outlined in Brunei Vision 2035.