Market Insight: power generation through green energy sources is growing in the Philippines | EU Gateway | Business Avenues

Market Insight: power generation through green energy sources is growing in the Philippines

Market Insight: power generation through green energy sources is growing in the Philippines

The Philippines is the second largest producer of geothermal energy in the world. Power by hydro and geothermal sources constitute 10.5% and 13.4%respectively of the total power generated in 2015. The EU is the largest foreign investor in Philippines’ clean energy sector, alongside with plans to commit EUR 249 million in energy investments between 2014 and 2030.

European companies looking to export Green Energy Technologies to the Philippines can find opportunities in the following sectors:

  • Under the Investment Priority Plan (IPP), both fiscal and non-fiscal incentives are provided to companies which invest in green energy.
  • European companies in the electric vehicles sector can collaborate with local firms on imports and exports of EVs, supply of EV components, and establishing charging stations.
  • Technology transfer to local companies on tidal and wave energy.

EU Gateway | Business Avenues will take selected European companies for a EU-funded business mission to Singapore and the Philippines from 23 to 27 October 2017. If your company operates in Green Energy Technologies and is looking to expand into South East Asia, apply online before 16 June 2017 or ask for support to coaching.network@eu-gateway.eu.

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