Spanish and Japanese companies are seriously considering investing in renewable energy in the country, primarily offshore wind projects, according to a source from the Department of Energy. ManilaBulletin
Spanish and Japanese companies are seriously considering investing in renewable energy in the country, primarily offshore wind projects, according to a source from the Department of Energy.
The energy official emphasized that “the applications of these foreign companies are still under evaluation – and they are also eyeing to secure service contracts with 100% foreign ownership.” On the queries of some RE industry players as to why the DOE continues on its issuance of service contracts despite the declaration of the DOJ opinion that wind and solar are not classified as "natural resources", Energy Secretary Raphael P.M. Lotilla opined that "the state has the power to regulate any activity on its territory."
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