Reported 8 months ago
The Philippines has become a forerunner in planned clean-power projects in Southeast Asia due to fewer investment restrictions and green policies attracting both domestic and foreign investments. With a pipeline of 99 gigawatts of wind and solar projects, more than enough to power all Filipino households, the country's progress in transitioning from coal to renewables will play a significant role in global efforts to combat climate change. Companies like Scatec ASA and Advantec Co. Ltd. are optimistic about the country's potential, aided by regulatory support and private sector participation. Challenges remain, such as expanding grid capacity and streamlining permitting processes, but the Philippines' policy certainty positions it well as a leader in renewable energy growth in the region.
Source: YAHOO