• 4 minutes Get First Access To The Oilprice App!
  • 7 minutes Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 7 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 7 hours Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 6 hours Is Natural Gas Renewable? I say yes it is.
  • 2 hours Oceans "Under Fire" Of Plastic Trash
  • 1 hour Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 6 mins Renewables in US Set for Fast Growth
  • 8 hours Making Fun of EV Owners: ICE-ing Trend?
  • 17 hours Algorithms Taking Over Oil Fields
  • 6 hours Socialists want to exorcise the O&G demon by 2030
  • 19 hours Europe Slipping into Recession?
  • 1 day How Is Greenland Dealing With Climate Change?
  • 24 hours Nuclear Power Can Be Green – But At A Price
  • 21 hours UK, Stay in EU, Says Tusk
Papua New Guinea Clans Unite Against Exxon

Papua New Guinea Clans Unite Against Exxon

Disgruntled Papua landowners are standing…

OPEC Cuts Are Already Paying Off

OPEC Cuts Are Already Paying Off

Despite troubling economic data from…

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