Major European firms eyeing Philippine renewable energy market

  • 📰 gmanews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Major European firms in the renewable energy sector are looking at entering the Philippine market in the coming year, a top official of the European Chamber of Commerce of the Philippines (ECCP) said.

In an interview, ECCP President Lars Wittig said the companies are looking to penetrate the market as they want to expand their presence, being among the leaders of the billion-dollar industry.

In particular, Wittig cited offshore wind energy, which utilizes floating wind farms that are established on floating structures, harnessing the force of the wind which is said to be stronger at sea. Just last month the Department of Energy amended a section of the implementing rules and regulations of the Renewable Energy Act of 2008,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines