• 4 minutes China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 7 minutes Beijing Must Face Reality That Taiwan is Independent
  • 11 minutes Phase One trade deal, for China it is all about technology war
  • 14 minutes Shale Oil Fiasco
  • 25 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 2 hours Which emissions are worse?: Cows vs. Keystone Pipeline
  • 10 hours Trump capitulated
  • 17 hours Thanks to Trump, the Iranian Mullahs Are Going Bankrupt
  • 1 hour Indonesia Stands Up to China. Will Japan Help?
  • 3 hours What's the Endgame Here?
  • 40 mins Trump has changed into a World Leader
  • 3 hours Turkey Muscles-In on Israel-Greece-Cyprus EastMed Gas Pipeline Deal. Erdogan Still Dreaming of Ottoman Empire II.
  • 10 hours US Shale: Technology
  • 11 hours Gravity is a scam!
  • 1 day Yet another Petroteq debt for equity deal
  • 1 day Three oil pipeline projects inch toward goal-line for Canada
  • 1 day The Libyan Oil in a Sea of Chaos, War and Disruptions

German Investors Consider Renewable Energy in the Philippines

A Swiss-German investor conglomerate Thomas Lloyd Investments Group has expressed interest to invest in the Philippines’ in partnership with Bronzeoak Philippines in Negros Occidental, a province of the Philippines located in the Western Visayas region, to generate renewable energy.

During a recent investment gathering Negros Occidental Governor Alfredo Maranon said, “There is potential for investment in this field because, based on the survey of the Department of Energy, the Visayas Grid alone needs an additional 2,100 megawatts until 2030. At present, a big chunk of our power is provided by geothermal sources, which accounts for 64 percent, followed by oil and coal,” Bacolod’s Sun Star newspaper reported.

Maranon added, “As such, there is enough room for partner-investors, including your company, to come in. (But) we are not only open to investments; we are inviting you to experience what we have to offer.”

Bronzeoak Philippines chairman Jose Maria Zabaleta riposted, “The best place to go to invest in renewable energy is Negros Occidental because the resources are here – wind, water, solar – yet the cost of power is still very expensive.”

Thomas Lloyd Investments Group reportedly is interested in partnering with Bronzeoak Philippines in the San Carlos BioPower 18 megawatt project, scheduled to come online in 2013.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News