A German renewable energy company, wpd GmbH, has pledged significant investment in the Philippines' clean energy sector. This commitment follows discussions between Philippine President Ferdinand Marcos Jr. and company officials in Berlin.
- Total investment: wpd GmbH expressed interest in investing around PHP 392.4 billion (approximately USD 7.2 billion).
- Focus: The investment targets the development of offshore wind farms in Cavite, Negros Occidental, and Guimaras.
- Project details: These offshore wind projects boast a combined capacity of 3,260 megawatts (MW) and represent the largest foreign investment registered with the Philippine Board of Investments (BOI) in 2023.
This move aligns with the Philippines' goal of transitioning towards cleaner energy sources. Additionally, wpd GmbH is already involved in pre-development activities for five onshore wind and solar projects across the Ilocos Region, Aklan, Iloilo, Antique, and Bulacan. The pre-development projects encompass five wind and solar initiatives spread across various locations. These projects hold the potential to unlock PHP 56 billion in investments, with a combined capacity to generate 565 megawatts (MW) of clean energy.
This significant investment from Germany is expected to bolster the Philippines' renewable energy sector and contribute to the country's clean energy goals.
No comments:
Post a Comment