Philippines Opens Door to Full Foreign Ownership of Renewable Projects

Philippines Opens Door to Full Foreign Ownership of Renewable Projects

Philippines Opens Door to Full Foreign Ownership of Renewable Projects

MANILA, PHILIPPINES--November 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The Philippines' Department of Energy (DoE) has amended its Renewable Energy Act of 2008, allowing foreign entities to enjoy full ownership of solar and wind projects across the archipelagic nation. The change was fueled by strong interest from both local and foreign investors in the Philippines' renewable-energy development, particularly for offshore wind.

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