The Department of Trade and Industry (DTI) on Friday said the country was seeing a significant increase in investment interest after it lifted foreign ownership restrictions in the renewable energy sector.
The trade department said these prospects, worth in the billions of dollars, were focused on solar and wind energy, including manufacturing of equipment such as wind turbine generator towers, foundations, blades and other wind turbine parts.
Trade Secretary Alfred Pascual highlighted the importance of the renewable energy sector in achieving economic development.
“For industries to flourish in our country, we need a secure, resilient and competitive supply of energy,” Pascual said, adding:
“In the face of climate change and the worldwide shift to green development, the Philippine government finds renewable energy to be a long-term solution to our sustainable…
DTI sees billions of dollars poured into clean energy sector
