5 renewable energy investments seen this year

June 4 ----- At least five foreign renewable energy investments are expected this year, the Philippine Board of Investments (BOI) said.

"Renewable energy will take up most of our planned investments in the pipeline and these are really huge," Trade Undersecretary and BOI Managing Head Dr. Cerefino Rodolfo said in an interview in Cebu City over the weekend. He said that foreign telecommunications investments are also expected this year as the government continues to seek foreign partners.

Rodolfo said the Department of Trade and Industry is confident that it will hit its target of P1.50 trillion this year as each of these renewable energy investments is worth $2 billion. These foreign investments will mostly be through partnerships with local companies, he said.

Source: manilatimes.net