Nine Chinese firms pledge $13.76B for PH energy
Nine Chinese companies have pledged $13.76 billion for renewable energy projects and other energy initiatives in the Philippines.
Energy Secretary Raphael Lotilla announced this during a press briefing, highlighting the positive response to the country's policy directions on renewable energy following President Marcos Jr.'s visit to China.
The investments include solar photovoltaic, offshore wind projects, energy storage systems, and off-grid power supply systems.
Some companies already have operations in the Philippines for over two decades, while others are new entrants looking to establish partnerships with local entities.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics