United Arab Emirates-based renewable energy company Masdar is considering investments worth Php 600 million in the Philippines, according to the Department of Trade and Industry (DTI).
Acting Trade Secretary Cristina Roque said she recently met with representatives from the firm, who expressed strong interest in pursuing investments in the country.
Masdar, is planning to invest at least P600 million in solar and wind power projects across the country.
“Their minimum land requirement is 50 hectares, and it could extend to 500 hectares. They are keen to commence these projects immediately,” Roque explained.
Masdar, established by the UAE government in 2006, focuses on advancing the UAE’s expertise in the global energy market.
The company views Southeast Asia as a key area for its future investments.
DP World, a logistics company, is also exploring partnerships with local entities and is particularly focused on port development initiatives.
Roque shared that DP World is willing to allocate up to P25 billion for port infrastructure projects in the Philippines, with that amount being their maximum proposed investment.
Earlier this year, DP World collaborated with Asian Terminals Inc. to launch the Tanza Barge Terminal in Cavite, aimed at improving cargo transport efficiency between the province and the capital region.
There are no comments
Add yours