Portuguese firms Energias de Portugal (EDP) and EDP Renewables (EDPR) are eyeing to invest in the country’s renewable energy sector, as well as alternative fuels like hydrogen, the Department of Energy (DOE) said
This follows Energy Secretary Raphael Lotilla’s courtesy visit to Portuguese Foreign Minister João Gomes Cravinho.
DOE noted that Portugal also faced similar challenges to the Philippines and expressed interest in the department’s approach to developing and utilizing the country’s RE sources.
Potential areas of cooperation will include RE development and alternative fuels, development of offshore wind (OSW) and floating solar, hydrogen, and ammonia production using RE, liquefied natural gas (LNG) importation, and improvement of transmission and distribution lines to support the Philippines’ economic development and energy transition agenda, Lotilla said.
Currently, at 74%, EDP pursues to generate its energy requirements from 100% clean energy by 2030. Meanwhile, EDPR is set to manage, operate, and invest in the renewable assets portfolio of the EDP.
Through investing in the Philippines’ quest for renewable energy, the Portuguese electric firms eye to expanding their operations in Southeast Asia.
On the other hand, Energy Secretary Lotilla denoted his intention to know more about Portugal’s usage of alternative fuels such as co-firing with hydrogen or ammonia in its attempt to repurpose and incentivize the transition of coal power plants.
